CSA warns of fallout from energy company failures

The Credit Services Association (CSA), the UK trade association for organisations active in the debt collection and purchase industry, has written to Ofgem to seek clarification in respect of the standards customers should expect in regards to the practices of administrators and accounts in arrears. It has also asked for reassurance that the integrity and…

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ICAEW appoints new Vice-President

The Institute of Chartered Accountants in England and Wales (ICAEW) announced that it has appointed a new Vice-President. Malcolm Bacchus has been elected ICAEW Vice-President for 2022-23. He will take over the role from current Vice-President Mark Rhys in June 2022. Based in London, Bacchus is the principal of Baccma Consulting. He currently chairs the…

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Apex Litigation Finance to appoint Head of Insolvency

11th October 2021 Appointments |

Litigation funding specialists Apex Litigation Finance has announced the upcoming appointment of Mark Sands as Head of Insolvency. Sands will join the firm in January 2022, assuming overall responsibility for the company’s presence in the insolvency sector. Sands has more than 35 years experience in the insolvency profession, most recently in a senior role at…

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Fragile finances leading to poor mental health

New research by Yorkshire Building Society has shown that more than one in five UK consumers feel worse off financially since the start of the pandemic. The research has indicated that two-thirds of those whose finances, who have been affected had suffered a negative impact on their mental health. Whilst over one in five (23%)…

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TransUnion announces investment in Monevo

Global insights and information company, TransUnion has announced its investment in UK-based fintech Monevo – a personal credit platform and API empowering lenders to deliver highly personalised credit offers to consumers via comparison websites and other third parties. Eligibility, also known as pre-qualification, is an important part of consumer lending. Pre-approved offers, or an indication…

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Lender announces growth plans with first-ever Securitisation

11th October 2021 Company News |

Consumer lender, Oplo, has announced the completion of its first securitisation as the business targets continued growth supporting the UK’s ‘new mainstream’ lending market. The £225 million securitisation follows a series of investor roadshows in September. Over the past decade, Oplo has built a strong and growing consumer lending business, offering personal, home and car…

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Exizent appoints Senior Advisor

11th October 2021 Appointments |

Exizent, has announced the exciting appointment of Graeme Jones as a Senior Advisor to the Board. Exizent is the first ever platform that connects data, services and the network of people involved when someone passes away. The company’s mission is to reduce uncertainty, increase speed and make the process far simpler. Jones brings invaluable insight…

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Morses revenues rise

11th October 2021 Alternative Consumer Lending |

A rise in customer complaints has forced sub-prime lender Morses Club to lift the amount of money it has set aside to handle demands for compensation from borrowers who used its high-cost loans. Morses said in its half-year results that it had experienced a “continued increase” in demands for redress in the six months to…

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Flexys Solutions and First Response Finance agree partnership

Flexys Solutions has to announce First Response Finance as its fourth motor finance client. First Response, part of the Itochu group, will be migrating from their existing Tallyman platform to the Flexys Control+ debt management system as part of an ambitious digital transformation programme. Control+ will provide First Response with end-to-end collections functionality. The platform…

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