Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) says competition in retail banking is growing, with a shift from large banks to small businesses. In an update to its 2018 strategic review of retail banking, the FCA says the increase in competition is providing more choice and lower prices for consumers. The analysis shows that the share of…
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The Government should reject over-complicated solutions to the cost-of-living crisis and simply make one-off cash payments to millions of households, according to Dr Aveek Bhattacharya, Chief Economist of the Social Market Foundation. The Social Market Foundation says that cash payments of up to £500 would be the best answer to the cost-of-living crisis, allowing households…
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Enforcement association CIVEA has announced that the annual CIVEA conference, which brings together leading players from the enforcement sector, has expanded for 2022 to include an awards ceremony for the very first time. The event titled Reflection & Collection, the past, present and future of enforcement is set to be held at the De Vere…
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Arvato Financial Solutions have announced the appointment of Peter Wallwork as Non-Executive Director. Over the last twenty years, Wallwork has built a reputation for managing complex external messaging and stakeholder relationships, positioning innovative solutions into often misunderstood, highly-regulated customer-facing markets. During his ten years as CEO of the Credit Services Association (CSA), Wallwork led a…
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County Court Judgments (CCJs) against businesses in England and Wales rose by 13 percent in 2021, compared to 2020, according to the latest figures released by Registry Trust. The number of business CCJs increased from 77,134 in 2020 to 87,441 in 2021. The total value of CCJ debt owed by businesses rose by 12 percent,…
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The number of decrees and total amount of debt registered against Scottish businesses in 2021 declined when compared to 2020, according to figures released by the Registry Trust. The number of decrees against incorporated businesses also fell, by 13 percent, from 1,687 to 1,472. The total value saw even larger falls, down 21 percent, from…
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The number of judgments registered against Irish consumers saw a small increase in 2021 compared to 2020, figures released by registrar Irish Judgments show. Judgments against Irish businesses saw a small increase of five percent, from 455 in 2020 to 476 in 2021. The total value owed in 2021 was €12.6 million, nearly double the…
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A new collaboration between Rural Finance, Sopra Banking Software and BNP Paribas Leasing Solutions has created a new immediate financial approvals process. The solution developed is an API interface between Sopra Financing Platform’s Sprint broker platform used by Rural Finance and the existing BNP Paribas Leasing Solutions’ technology, also designed by Sopra Banking Software. Rural…
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Global information and insights company, TransUnion announced its support for Save the Children, raising over £18,000 for the charity thanks to a range of fundraising activities over the past two years. TransUnion colleagues took part in a ‘Step it Up’ challenge, where over a five-week period, participating members walked a combined distance of 14,513.4km. Premier…
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