Credit, Collections & Insolvency News
The Payments Systems Regulator (PSR) has published its call for views on the second phase of delivering Confirmation of Payee (CoP), which is a name-checking service designed to prevent Authorised Push Payment (APP) scams and misdirected payments. The PSR says every year thousands of individuals and businesses fall victim to APP scams – where they are tricked…
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New legislation, which aims to prevent company directors from avoiding investigation into their conduct by informally striking off their company instead of entering an insolvency process, has had its first reading in Parliament before it is set to become law Begbies Traynor says that the move has been driven, in part, by the fear that…
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The Information Commissioner’s Office (ICO) has fined American Express Services Europe Limited (Amex) £90,000 for sending more than four million marketing emails to customers who did not want to receive them. The ICO began investigating when it received complaints from Amex customers who were getting marketing emails despite having opted out from them. The emails included…
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Research by tenant due diligence firm, Homeppl says that it has found that there has been a 263% increase in the value of fraudulent tenant applications in just three months. The recent rise in fraudulent tenant activity has been severely impacting real estate agents and landlords, presenting significant financial risks where, for example, long-term periods…
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The High Court Enforcement Officers Association (HCEOA). has announced that it has appointed High Court Enforcement Group’s Alan J Smith, Director of Corporate Governance, as its new Chair. Smith takes the position from the incumbent Chair, Andrew Wilson. The Association also made the following appointments to its board Michael Jackson – Vice Chair Alan Smith…
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