Credit, Collections & Insolvency News
A review by the Financial Conduct Authority (FCA) has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in place for their customers. The regulator’s review, conducted over…
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Despite a return to normal for many economies in 2022, insolvencies are set to rise according to trade credit insurer, Atradius. The company predicts that the global economy will emerge gradually from the Covid pandemic in 2022, with restrictions unwound in most countries and regions. But despite a return to normality for many, Atradius reports…
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Credit Management Group Intrum UK has announced the appointments of David Price as Compliance Director and David Stranaghan as Strategic Account Manager for its partnership with retailer Sainsbury’s Bank. Price has twenty years’ experience in compliance with firms such as Vanquis Bank, Chase De Vere, American Express and Lloyds Banking Group. He has a track…
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Ofwat has announced the appointment of David Black as its permanent Chief Executive Officer (CEO), following an open recruitment process. Black joined Ofwat in 2012 and was previously Chief Regulation Officer and Board member responsible for leading the PR19 price review. Throughout his time at Ofwat he has been instrumental in shaping and leading the…
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Motor finance applications, including Personal Contract Purchase (PCP) and Hire Purchase (HP), rose by 13% month-on-month in March as the new ‘22’ plate launched, marking the highest rate in March since 2019, according to new research by Experian. Experian says that car deal searches have returned high levels of car finance applications following a turbulent…
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