Credit, Collections & Insolvency News
118 118 Money has received full authorisation from the Financial Conduct Authority (FCA). Since launching in Cardiff, Wales in 2013, the lender has issued more than £150million in unsecured personal loans ranging from £1,000-£5,000, to customers who are unable to receive credit from their banks. Mark Burgess, COO and Interim CEO of 118 118 Money…
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Craig White has been appointed UK Chief Operating Officer at GFKL Lowell. He will take up his new role on April 3rd, and replaces Andrew Bartle, who is leaving to develop new ventures. White will lead the UK Operations team, which is well placed to maintain the exceptional quality of service it delivers to both…
Read moreThe Financial Conduct Authority (FCA) Chairman, John Griffith-Jones, has today announced the appointment of a new Chair for the FCA’s independent Smaller Business Practitioner Panel.Craig Errington, Group Chief Executive of specialist financial mutual Wesleyan, becomes Chair of the FCA Smaller Business Practitioner Panel from 1 April 2017. He has been a member of the Panel…
Read morePlusnet, a BT owned company, has today been fined £880,000 by Ofcom for continuing to bill more than a thousand ex-customers. The penalty is the result of an investigation, which found that the telecoms company broke a fundamental billing rule by continuing to charge a group of customers for landline or broadband, after they had…
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Phillips & Cohen Associates has confirmed the opening of its Spanish operation, headquartered in Madrid, with the announcement of its business leader for Spain. The group, celebrating its 20th year of global trading, is delighted to announce that the Spanish operation will be run by Melania Sebastian Marino. Melania has over 12 years’ experience leading…
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ALD Automotive has appointed Gilles Bellemere as Deputy Chief Executive Officer, replacing Pascal Serres, who has joined Societe Generale. Bellemere will serve alongside Tim Albertsen, the other Deputy Chief Executive Officer, and Mike Masterson, Chief Executive Officer, within ALD Automotive’s general management team. Bellemere joined ALD Automotive France in 2001 as Director Of Operations. His…
Read moreCallcredit Information Group have presented a cheque for £30,392 to Yorkshire Cancer Research following a year of fundraising. Rebecca Aberdein, Head of Talent Acquisition & Engagement at Callcredit, said: “We have a strong history of supporting charities in the communities in which we are based. When we asked colleagues to vote for their annual charity…
Read moreCabot Credit Management (CCM), has announced the financial results for twelve months ending December 2016. Chief Executive Officer Ken Stannard said “This year has been another strong and profitable year for Cabot. We have delivered an adjusted EBITDA of £248 million, an increase of 26% over 2015, whilst simultaneously reducing leverage. These results have been driven…
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Cabot Credit Management (CCM),has won a customer service award at the seventh UK Customer Satisfaction Awards ceremony. CCM won the Customer Feedback Strategy award, ahead of nine other finalists including EDF Energy, HM Passport Office, Virgin Money and RSA Insurance. This award is centred around how easy it is for customers to give feedback and how…
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Harrington Brooks has been granted full authorisation by the Financial Conduct Authority (FCA). As part of its new regime, the FCA wanted debt management firms to meet a set of required conditions, including: fair and transparent fees, the provision of suitable advice, fully trained employees, appropriate systems and controls to protect client money, and a…
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Nava Finance has appointed Target Group to service its loan platform. Nava secured approval from the Financial Conduct Authority (FCA) in January and has chosen Target Group to provide all loan servicing support when its platform launches to UK borrowers in early Q2. Ian Larkin, Co-Group CEO at Target Group said: “As a new entrant…
Read moreCapital One Financial Corporation has announced the appointment of Amy Lenander as UK CEO. Lenander will be responsible for the overall strategic direction and general management of the UK credit card portfolio, replacing Chris Newkirk who has recently been appointed President of International and Small Business Card at Capital One. Since joining Capital One as…
Read morePermanent TSB Group has confirmed the appointment of Robert Elliott as the next Chairman of the Group with effect from 31 March 2017. Elliott retired recently as Chairman and Senior Partner Linklaters LLP. Jeremy Masding, Group Chief Executive of Permanent TSB, said that the Group was delighted that Mr. Elliott would be the next Chairman; “Robert is…
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