Credit, Collections & Insolvency News
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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Anti-money laundering (AML) specialist SmartSearch has announced that it will become a Living Wage employer. The voluntary commitment sees directly employed staff including casual workers over the age of 18; receive a minimum hourly wage of £8.75 in the UK; significantly higher than the national minimum wage for over 25s of £7.83 per hour. The company, based…
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A national competition that challenges firms to deliver digital services aimed at helping those struggling with their money has been launched. Nationwide Building Society’s Open Banking for Good challenge (OB4G) will see fintech organisations and academics work together to develop Open Banking apps and services that make a real difference to people’s lives, particularly those…
Read moreLeading figures from a number of banks, building societies and other financial institutions have been provided with an update on the progress of the new Image Clearing System (ICS) for cheques, twelve months since its introduction across the UK. Delegates heard a variety of presentations at the 4th Annual Cheque Imaging & Remote Deposit Capture…
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UK Finance, the trade organisation representing around 300 firms in the finance and banking industry operating in the UK, has today announced the appointment of David Postings, Global Chief Executive, Bibby Financial Services and Mark Barnett, President of Mastercard UK, Ireland, Nordics & Baltics, to its Board. David and Mark will be joining the 22-strong…
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