Credit, Collections & Insolvency News
The Government has announced that internet laws, as part of the draft Online Safety Bill, will include measures to tackle user-generated fraud. The proposed change will mean online companies will, for the first time, have to take responsibility for tackling fraudulent user-generated content, such as posts on social media, on their platforms. This includes romance…
Read more
The estate administration process causes stress, frustration and mental health problems for the bereaved, according to findings from probate specialists Exizent. Data released this Mental Health Awareness Week has discovered that 40% of people saw their mental health decline when dealing with the administrative side of bereavement, with women (61%) twice as likely to be…
Read more
A ban on rental property evictions enforced by bailiffs in England will end on 31st May, the Government has confirmed. The Ministry of Housing says that renters will continue to be supported as national coronavirus restrictions ease, with longer notice periods in place until at least October. As part of a phased approach, notice periods…
Read more
Target Group, the FCA-regulated business processing and software provider, has announced that the fintech mortgage lender, Perenna, has become the first client of its Mortgage Hub. The partnership, which is set to launch later this year, will see the Mortgage Hub powering Perenna’s mortgage offering; allowing it to provide decisions-in-principle within 20 seconds. Perenna will…
Read more
Law firm Harrison Clark Rickerbys (HCR) is in ‘advanced stages’ of merger talks with Hewitsons. The merger is expected to complete by the end of May, resulting in a firm of approximately 780 people and £65m turnover. The combined Cambridge teams will move into new premises while the Hewitsons London team will move into HCR’s…
Read more
Arum has announced that Russell Robinson has joined the company as a Principal Consultant and Digital Specialist. Robinson has been entirely focused on improving customer experience through digital transformation for the past 20 years, having completed over 100 implementations. Having co-founded Telrock, a global technology provider of modern cloud-based collections software, in 2001, Russell went on…
Read more
The Insolvency Service will be given powers to investigate directors of companies that have been dissolved, closing a legal loophole and acting as a strong deterrent against the misuse of the dissolution process. The process will no longer be able to be used as a method of fraudulently avoiding repayment of Government-backed loans given to…
Read more
SMEs are now more optimistic than pre-pandemic, predicting a 9.8 per cent increase in revenue this quarter compared to Q1 2021 – jumping to 21 per cent for the hospitality and leisure sector as lockdown restrictions continue to ease, according to research by Barclaycard. The SME Barometer polled over 670 senior staff working in UK…
Read more
Luca Zuccoli has been appointed Chief Data & Analytics Officer of Intrum. Zuccoli has an extensive background within data and advanced analytics from similar roles at EasyJet and Experian as well as advisory roles at management consulting companies including Oliver Wyman. Anders Engdahl, President and CEO of Intrum said “The role as Chief Data &…
Read more
The date for the third Commercial Credit & Collection conference has been confirmed as Thursday 17th June. The conference starting at 9.30 am will tackle issues across the full life-cycle of business credit and collections. The conference series also aims to provide insight into new technology advancements that can help Credit Manager and Finance Directors…
Read more