Credit, Collections & Insolvency News
Plans to reform the Financial Ombudsman Service (FOS) have been revealed by the Government. The reforms will return the FOS to its original role as a simple, impartial dispute resolution service that resolves complaints quickly and effectively, while ensuring it operates within a clearer and more predictable framework alongside the Financial Conduct Authority (FCA). The…
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Azets has announced that it has appointed Nick Cusack as an Insolvency Practitioner in its Restructuring & Insolvency team. Cusack has worked in the profession for over 22 years been a licensed Insolvency Practitioner for over ten years. He has gained a breadth of experience in all types of corporate rescues, but with a particular…
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Oakbrook has announed a new partnership with payments automation platform Modulr. The partnership will enable the lender to expand its repayment choices for customers and strengthening its technology-enabled servicing platform with the launch of Variable Recurring Payments (VRPs). The introduction of VRPs gives customers an additional way to manage their loan account repayments alongside Direct…
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Alternative SME finance provider, ThinCats, has announced the appointment of Dan Houman as Senior Director. In the new role, Houman will work with SMEs across Yorkshire and the North East to help them access the funding they need to grow. Working closely with the existing regional team, he will support businesses in securing bespoke, flexible…
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New research from StepChange has shown that one in two people (51%) have experienced problem debt, with 44% of them telling no one about their financial struggles. The debt charity is urging people to talk more openly about debt to help break down stigma and encourage those struggling to seek free, confidential advice sooner. New…
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