Credit, Collections & Insolvency News
Digitalisation of the origination process is about delivering a flexible, agile, scalable, and above all, cost-effective solution. Critically this solution must successfully support the lending business which is ambitious for growth, delivering for a borrower who is hungry for the “Amazon experience” – now and in the future. Some will say “that will cost a…
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The Chief Executive Officer (CEO) of subprime lender Amigo resigned from his role as the firm continues its wind down. Danny Malone, who joined Amigo last year, will step down after serving his six-month notice period to ensure the continuation of the solvent and orderly wind-down of the business. Amigo has been heading for a…
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The Government has announced new private rented sector reforms. The Renters’ (Reform) Bill, introduced to Parliament will abolish section 21 ‘no fault’ evictions which will empower renters to challenge poor landlords without fear of losing their home. The new Bill also protects over two million landlords, making it easier for them to recover properties when…
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Six in ten Independent Financial Advisers (IFAs) are concerned 100% mortgages could create a repayment crisis according to research by Opinium. The insights agency revealed that nearly two-thirds of IFAs (66%) who receive mortgage requests are concerned about the risks associated with 100% mortgages. Over three fifths of IFAs (63%) worry about 100% mortgages because…
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Specialist lender Together has announced the appointment of Andrew Douglas as new National Account Manager for Networks and Clubs. Douglas will be providing education on Together’s diverse range of specialist lending solutions to members and advisors. His key remit will be supporting the team in developing and launching Together’s Networks and Clubs proposition to market…
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As many as one million people cut off their broadband in the last year as the cost-of-living crisis left them unable to afford internet access, according to new research from Citizens Advice. People receiving Universal Credit were badly affected. The research found them to be six times more likely to have stopped spending on broadband…
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Three energy suppliers have been made to pay compensation totalling £8 million for failing to supply a final bill on time to more than 100,000 households that had switched provider. Apasrt of the measures energy customers who have been overcharged are to receive a combined total of £2.7 million from two suppliers – Good Energy…
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People-first lender Capital Credit Union has announced that it is to adopt Auto Decision Platform (ADP) by LendingMetrics, in a move to enhance their credit decisioning process. Established in 1989, the community-owned bank is one of the UK’s largest credit unions, with £45 million in assets. Capital Credit Union is passionate about making affordable credit…
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