Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has published the final list of the most representative services linked to a payment account and subject to a fee within the meaning of Regulation 3 of the Payment Accounts Regulations. The move is part of the EU Payment Accounts Directive’s goal to improve the transparency and comparability of fee…
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European debt purchaser, DDM Holding has announced that it has appointed Henrik Wennerholm as Head of Business Development and a member of DDM’s Executive Management Committee. Wennerholm has industry experience from companies including Hoist, Aktiv Kapital (PRA Group) and, most recently, B2Holding ASA where he served as Head of Business Development and a member of the Group Executive…
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The New Payment System Operator (NPSO) has confirmed that it has now taken over responsibility for the operation of two of the UK’s retail payment systems – Bacs and Faster Payments. The successful consolidation of the three operators has been a key focus for both the Payment Systems Regulator (PSR) and the Bank of England.…
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Equiniti has announced the launch of its Northern Tech Hub at Lawnswood Business Park, Leeds A 14,000 sq ft building is the new home of Equiniti Credit Services, the UK’s leading loans management and credit technology company, currently managing more than £20bn in credit assets. Equiniti Credit Services has been created from two UK brands…
Read moreThe UK’s second largest home collected credit Morses Club has announced its preliminary results for the 52 weeks ended 24 February 2018. Commenting on the results Paul Smith, Chief Executive Officer of Morses Club, said “We are very pleased to report that FY18 was an even stronger year for Morses Club, reflecting our continued success in serving…
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Arum has announced that is has successfully achieved world-class, globally recognised ISO certifications for its consultancy, credit management, debt collections and recovery services across the UK. These standards ensure our clients have additional confidence that the service received from Arum is of ISO standard, reliable and of good quality, with a robust management system in…
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NewDay, a leading UK consumer finance provider specialising in the UK credit card market, announced today the appointment of Sir Michael Rake as Chairman, effective on 9th May 2018. Sir Malcolm Williamson, NewDay’s Chairman since 2010, will remain on the Board as an Independent Non-Executive Director. Sir Michael Rake, FCA, FCGI, knighted in 2007, is…
Read moreExcel Collections & Enquiry Services Limited has announced the appointment of Laurence Venn as Chief Executive Officer (CEO) following the retirement of David Thorpe. Venn is a highly experienced credit & collections professional. His career spans over 30 years and has held senior collections leadership positions at Lloyds Banking Group, Permanent TSB in Dublin and more…
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American consumer credit reporting agency, TransUnion has announced it has reached an agreed to purchase Callcredit Information Group for £1 billion, ($1.4 billion). TransUnion, provides data, analytics and technology solutions to help businesses and consumers make informed decisions in America. International expansion is a key growth strategy for TransUnion which has offices in 33 countries. The company…
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National free debt advice provider PayPlan has announced that it is continuing its commitment to tackling the stress and stigma of financial problems head-on with the launch of a new campaign. ‘Debt Heroes’ has been designed to encourage those with money issues to reach out for free help sooner. Hosted on the PayPlan website, it…
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Identity intelligence specialist GB Group has announced its latest financial results. In a statement, the company said it expects to report a 53% improvement on its operating profit. In a trading update ahead of its final results in June, the Chester-based business said it anticipates operating profits of £26m for the year to March 31,…
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A Cardiff-based fintech start-up has strengthened its team with the appointment a new board Director. James Snow is joining SamePage Group as a Board Director. Previously Group Sales Director at Target Group and CEO of the company’s Loan Servicing business, Snow has over 25 years of experience in the sector. With a background in B2B…
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Debt Purchaser Lowell has announced its latest results for its full year ended 31 December 2017. The results show double-digit growth across all key metrics. The addition of the Carve-out Business from Intrum as a new Nordic region, which successfully completed after the close of the period, brings further strategic diversification and growth opportunities for…
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