Credit, Collections & Insolvency News
Credit Connect is pleased to reveal the companies, partnerships and individuals that have been shortlisted in this year’s seventh annual Credit & Collections Technology Awards. The Credit& Collections Technology Awards is the UK’s celebration of tech innovators in credit and collections. The technology-focused award scheme seeks to champion innovation and best customer outcome solutions. The shortlist…
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Rick Haythornthwaite has been appointed to succeed Sir Howard Davies as Chair of Natwest, subject to regulatory approval. Haythornthwaite will join the Board of NatWest Group as an independent non-executive director on 8th January 2024 and following a handover period will take over as Chair on 15th April 2024, when Sir Howard Davies will stand…
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Begbies Traynor has announced that it has acquired Jones Giles & Clay. The deal sees Begbies Traynor welcome four experienced team members to the Cardiff-based team, including directors Susan Clay and Vaughan Jones, who were the principals of Jones Giles & Clay and operated as licensed insolvency practitioners. Both Clay and Jones have over 38…
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The Government has been slow to take action to recover losses to error and fraud in Covid 19 grant schemes of over £1 billion according to a report by the Public Accounts Committee (PAC) The report found that three years on from the provision of £22.6 billion in business support schemes in the pandemic, the…
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As interest rates rise, mortgages in London postcodes are at the highest risk of default, according to a new analysis by Mazars. The analysis found that 19 out of the top 20 postcodes with the most risky mortgages, defined as loans at least 4.5 times the borrower’s earnings, were in London. South West London dominated…
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Ovo Energy is calling on the government to remove standing charges for the most vulnerable customers this winter and has confirmed it will be retaining the current standing charge level after the 1st October as the price cap comes into effect. The company has also renewed its calls on the government to introduce a social…
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Mark McAllister has been named as the government’s preferred candidate to be the next Chair of energy regulator, Ofgem. An engineer by profession, McAllister has served as Chair of the Office for Nuclear Regulation (ONR) since April 2019, where he is charged with ensuring the ONR delivers efficient and effective regulation of the nuclear industry. His selection…
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Consumer card spending grew 2.8 % year-on-year in August – noticeably lower than the latest CPIH inflation rate of 6.4 % and July’s growth figure of 4.0 % – as rainy weather cast a cloud on the high street according to new analysis by Barclays Spending on essentials saw just 1% growth – the lowest…
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In England, a no-fault eviction notice drops through the letterbox of an older private renter every 16 minutes, new research from Shelter reveals. The housing charity’s research, conducted by YouGov and funded by The Co-operative Bank, shines a spotlight on the struggle older renters face in keeping a roof over their heads. Nearly three in…
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