Credit, Collections & Insolvency News
TransUnion, the global risk and information solutions provider, has announced it has an agreement to sell its Noddle business, the UK-based free-for-life credit reporting and monitoring service, to Credit Karma. TransUnion acquired Noddle earlier this year as part of its acquisition of Callcredit, the second largest credit reference agency in the UK. John Danaher, TransUnion’s…
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Vanquis Bank has announced its Managing Director will step down. In a statement, the company said that the Board of Vanquis Bank announces that Chris Sweeney, Managing Director, Vanquis Bank will from today step down from his role and also the Board of Vanquis Bank. Sweeney will remain employed by Provident Financial Group until the end…
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Equifax has announced a partnership with consents.online which will integrate Equifax Bank Account Verifier into the Open Banking journey. The new solution means identity information such as the consumer’s name, address and date of birth, can for the first time be matched with transaction data provided through Open Banking in real time. This will help reduce fraud, allowing…
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Computershare says it has maintained its status as the best rated UK third-party mortgage servicer following the publication of a report on its operations by global agency Fitch. In its paper, Fitch Ratings affirmed Computershare Loan Services’ UK Residential Primary and Special Servicer Ratings as ‘RPS1-’ and ‘RSS2+’ respectively. Andrew Jones, Chief Executive Officer at…
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Home improvement finance facilitator Consumer Credit Solutions (CCS) has announced that it has appointed Lewis Jenkinson to provide support to its retail partners and assist with consumer finance compliance. CCS Executive Director, Peter Nicholson, said: “We have always been committed to providing the best possible service to our retail partners, and to ensuring they have…
Read moreMansfield Building Society has announced that it has appointed Paul Lewis as its new National Development Manager. Lewis joins from RBS, where he spent 15 years, most recently working as a senior private banking manager. Previous to that, he spent time at Direct Line Group among other financial services firms. Mansfield Commercial Development Executive Richard…
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Responding to the latest apprenticeship figures, showing starts flat over the last few months, but with a year on year drop of 25% for the 2017/18 academic year to July, Jamie Kerr, Head of External Affairs at the Institute of Directors, said “Today’s figures show that apprenticeship starts have still not recovered since the introduction…
Read moreLeek United has announced the appointment of Andrew Healy as the Society’s new Chief Executive Officer. Healy, joins Leek United from the largest bank in the Maldives, Bank of Maldives, where he has been CEO and Managing Director since 2014. He brings more than 25 years of experience in financial services to his new role,…
Read moreParagon has appointed Geoff Duncalf as its new National Sales Manager for Motor Finance. Duncalf has joined specialist lender Paragon from Lloyds Banking Group, where he spent eight years, including five years as Senior Account Manager at Black Horse Finance covering the Midlands region. The newly-created role will see Duncalf responsible for leading and developing…
Read moreAsset management software and analytics, specialist Qualco has unveiled a major platform update of its ExtraCollect service. The update will offer clients and partners a more intuitive user interface (UI), enhanced visibility of customer accounts, and richer data insight. ExtraCollect is a panel management platform that gives clients access to more than 30 agency partners…
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Computershare has donated £5,000 to Citizens Advice Tunbridge Wells and District to fund a project that helps people to understand their rights. The donation will allow the charity further to roll out their ‘Prescribed Advice’ service, in which Citizens Advice advisers are based in GP surgeries and available ‘on the spot’ to support patients with…
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Computershare Loan Services has confirmed it has been appointed substitute administrator by Paragon Bank. The UK’s largest third-party mortgage servicer will undertake the role for their new securitisation, which closed in April this year and represents over £700 million-worth of prime, buy-to-let mortgages. Andrew Jones, Chief Executive Officer at Computershare Loan Services, said “Paragon is…
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Home credit lender, Provident Financial, has reported “further good progress” for this year’s third-quarter as it still recovers from a disastrous 2017. The latest company statement says that two of its divisions are under FCA investigation which has led to a £120m loss for the firm. However, the company is now seeing further progress in…
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