Credit, Collections & Insolvency News
Blackpool, Fylde and Wyre Credit Union (BFWCU) has announced the addition of two new members to its board. Michael Vincent and Joseph Tantram will help oversee BFWCU operations and support borrowers and savers in the town, after being invited to join the board for their professional skills, local connections and specialist knowledge. Vincentl is a…
Read moreThe Bank of England has appointed Joanna Place as its Chief Operating Officer (COO), effective as of today. Place has been acting as COO since 1 May, and previously was the Executive Director of Human Resources. Mark Carney, Governor of the Bank of England, said: “I am very pleased that Jo will be the Bank’s…
Read moreGriffins has selected Encompass verify to software support them in their Know Your Customer (KYC) compliance. Griffins, specialises in providing insolvency, litigation and forensic services return to creditors through asset recovery. Encompass supports compliance with international Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations by empowering their front line staff to meet the evolving regulatory requirements of…
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Debt Recovery law form Ascent Performance Group has announced a new partnership with Francis Hanna & Co, allowing Ascent to provide its full range of services across Northern Ireland. The move gives Ascent the widest UK geographical coverage of any debt recovery law firm. Ascent already operates in England, Wales and Scotland. The relationship will be based…
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The Financial Conduct Authority (FCA) has published proposals to extend the Senior Managers and Certification Regime (SM&CR) to almost all regulated firms. The new regime will essentially replace the Approved Persons Regime. The aim of the new regime is to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their…
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The board directors of the BCCA and the Consumer Finance Association have released a joint statement announcing their intentions to merge both associations. The statement read “The short-term lending sector has changed radically over the last few years in areas such as regulation and lending culture. It is time for a change in sector representation.…
Read moreProvident Financial has announced its Interim results for the six months ended 30 June 2017. Here is an overview of the group highlights from the report: Dividend maintained recognising the group’s medium-term growth opportunities First-half adjusted profit before tax reduced by 22.6% to £115.3m (2016: £148.9m) and adjusted basic earnings per share down by 22.6% to 60.3p…
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Gatehouse Bank has announced two new senior appointments. Tim Blease is joining Gatehouse as Chief Operating Officer and Sharron Harvey is joining as Executive Vice President, Head of Human Resources. Blease will be contributing to Gatehouse’s new strategy including its move into retail mortgages. His previous roles include New Business Strategy and Innovation Director at…
Read moreThe Credit Services Association (CSA) has appointed Arran Hope as its Apprenticeship Coordinator. Hope’s appointment follows the Association’s successful inclusion on the Register of Apprenticeship Training Providers (RoATP) – meaning that the CSA is approved to deliver apprenticeship training for employers paying the Apprenticeship Levy. He will be the central point of contact regarding the…
Read moreThe Irish Central Bank has announced two senior appointments. The Central Bank appointed Ed Sibley as Deputy Governor, Prudential Regulation and Derville Rowland as Director General, Financial Conduct. As Deputy Governor, Prudential Regulation, Sibley will be responsible for the supervision of credit institutions, insurance firms and the asset management industry. Prior to this appointment, Sibley was…
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Credit Scoring specialist Aire has announced the closing of a $5million funding round, led by Sunstone Capital alongside White Star. In conjunction with closing the latest round of funding, Aire today also announces two new high-profile partnerships across different sub-sectors of consumer credit: Aire is embarking on projects with the pioneering financial services company Zopa…
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Ofwat has announced that Chief Executive, Cathryn Ross, will be leaving the regulator at the end of the year to take up a senior position in the private sector unconnected with the water industry. Ross, who was appointed as Ofwat Chief Executive in October 2013, has successfully led the regulator through a significant period of…
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The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has appointed two senior industry leaders to its Board of Trustees. Lawrence Slade has served as Chief Executive Officer at Energy UK, the trade association for the UK energy industry, since July 2015. He previously ran the Energy Retail Association and the…
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