Credit, Collections & Insolvency News
The owner of a Turkish restaurant, who illegally applied for a Covid Bounce Back Loan and then applied to dissolve his company without informing creditors has been jailed. Ilhan Kekec was sentenced to two-and-a-half years in prison when he appeared at Isleworth Crown Court. Kekec was also disqualified as a company director for three years.…
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The Financial Conduct Authority (FCA) has issued guidance for memes, reels and gaming streams promoting financial services. The FCA has set out how adverts across social media channels must be fair, clear and not misleading, meaning they must have balance and carry the right risk warnings so people can make well informed financial decisions. …
Read moreInternational commercial law firm Hill Dickinson has announced the hire of Sarah Emerson, joining the London office as a Commercial Disputes Partner. Specialising in dispute resolution, Emerson’s previous work spans sectors including cyber, finance, manufacturing, the environment, construction, energy and infrastructure. At Hill Dickinson, she will advise on international arbitration across all sectors and complex…
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Latest analysis by StepChange Debt Charity has revealed that there is growing financial insecurity among its clients, with the average person coming to the charity for help having more debt and less money to pay towards it each month. The findings also showed that the average amount of unsecured debt has reached its highest level…
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Credit Connect’s hosted its sixth Online Lending Technology Think Tank last week which saw lending strategies and the future of the sector discussed by eight leading professionals from a variety of lending sectors. The event was attended by over a hundred lending professionals from banks, credit card providers building societies, loan providers, credit unions and…
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