Credit, Collections & Insolvency News
Experian has announced that has launched what it calls a transformative change to the way consumers shop for credit cards. Experian’s new comparison services will now mean that consumers will see a guaranteed rate when shopping for cards with certain providers. Credit card and loan providers only need to offer their headline representative Annual Percentage…
Read moreIrish bank, Permanent TSB (PTSB) has announced that it has agreed to sell a 1.3 billion euro portfolio of problem mortgage loans in a securitisation deal, to help reduce its bad debt level to below 10 percent. PTSB has been trying to reduce its exposure to non-performing loans (NPLs) and focus on providing services for…
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A new Open Banking platform providing consumer bank account data free-of-charge to mortgage finance providers is set to launch this week. LendingMetrics’ OpenBankVision will allow users access to 90 days of bank statements with no minimum or maximum cap on the number of requests, when it goes live on December 3. Finance companies using the…
Read moreRecord levels of employment, Brexit and the ongoing skills shortage have resulted in increased business for recruiters in the last year, according to new research from independent financial services provider, Bibby Financial Services (BFS). Nearly three-fifths (59%) of companies in the sector experienced improved business performance over the past 12 months, with nearly two thirds…
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Pay.UK has announced the appointment of Nathalie Oestmann as a new Non-Executive Director to its board. Nathalie Oestmann works at IDEMIA – a world leader in digital security and identification technologies – where she is Senior Vice President of Global Innovation Strategy, Marketing & Partnerships/M&A for the Financial Institutions Business Unit. Oestmann has extensive international…
Read moreShoosmiths has appointed Gemma Napper as Partner to its national financial services team. Napper completed her training contract at Shoosmiths in 2004, qualifying into a corporate role, later specialising as a financial services lawyer. In 2009 she joined Arthur Cox in the firm’s banking team, before leaving to work in-house at Opel Vauxhall Finance. For…
Read moreThe Competition and Markets Authority (CMA) has published its concern that Experian’s takeover of start-up rival ClearScore could stifle product development and impact customers. The CMA’s Phase 2 investigation has provisionally found that Experian’s takeover of ClearScore is likely to result in less intense competition, potentially harming the continued development of digital products which help…
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The Credit Services Association (CSA), the voice of the UK debt collection and purchase industry, has appointed Zoe Dellow as its new Senior Learning & Development Consultant to further drive the CSA apprenticeship programme. Dellow will be working with members and the wider industry on the Association’s Learning & Development (L&D) initiatives to ensure a…
Read moreA director of three ‘mortgage support’ companies has been banned by the courts for nine and a half years after taking advantage of customers looking for urgent help with mortgage arrears. Daljit Dhillon, from Sutton Coldfield, appeared at the High Court in Birmingham on 13th September 2018 where an order was made to disqualify her…
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UK fintech, CreditLadder has been approved by the Financial Conduct Authority (FCA) as a Payment Institute. This approval enables CreditLadder to organise and request payments on behalf of consumers from their bank to a businesses bank account as an approved Payment Initiation Service (PIS). PIS gives CreditLadder the ability to initiate payments on behalf of…
Read moreExperian has announced that it has launched a new set of advanced Open Banking services. Affordability Check and Tenant Vetting Service are both innovations which will empower consumers to better understand and take control of their finances, while offering businesses the insight to deliver improved products and services. Experian is the only one of the…
Read moreDebt Purchaser, Lowell, has announced its Q3 results, for the period ending 30 September 2018. James Cornell, Group CEO, said “Our performance again shows that this is a resilient business, managed effectively to deliver growth and returns. “We seek growth that increases scale and diversification, while remaining mindful of leverage. Capital is deployed rationally for attractive…
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Payment solution specialist Acquired Payments has announced that they have signed on Keaton Jennings, opening batsman for England Cricket, as a brand ambassador, the partnership comes on the eve of his second century for England. Acquired’s revolutionary payments solution gives merchants the competitive advantage. Acquired securely process card payments via web, mobile and virtual terminals,…
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