Credit, Collections & Insolvency News
HM Courts & Tribunals Service (HMCTS) has announced that Tim Parker has been appointed as the new position as Chairman of the Board. The board is responsible for overseeing the leadership and direction of HMCTS and ensuring that it effectively delivers the aims and objectives set by the Lord Chancellor, the Lord Chief Justice and…
Read moreThe Financial Conduct Authority (FCA) has published its business plan for 2018/19 which sets out the key priorities for the coming year. The FCA says the priorities in this year’s business plan reflect the high level of resource needed to dedicate to European Union (EU) withdrawal, given its impact both on our regulation and the…
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The Government is to launch a call for evidence following concerns that a minority of bailiffs are still acting aggressively when collecting money from debtors –, particularly from vulnerable people. The call for evidence, which will be launched shortly, will look to those directly involved to share their experiences to help stop this in its…
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The Financial Conduct Authority (FCA) has published its approach to Supervision and Enforcement. When the FCA launched its Mission, it committed to publishing a series of documents that would explain its approach to regulation in more depth. These articulate how the FCA carries out its main activities, aiming to provide transparency to its thought process…
Read moreThe Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is to host the Credit and Collections Technology Awards at this year’s CSA Gala Dinner on 13 September. The co-branded event, which will form part of the CSA’s UK Credit and Collections Conference (UKCCC), reflects the Association’s growing recognition…
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Proposed reforms that would allow high court enforcement officers and certificated enforcement agents to enforce small sum County Court Judgments and Consumer Credit Act judgments have been put to the Government in a joint industry submission. The joint submission by the High Court Enforcement Officers Association (HCEOA) and the Civil Enforcement Association (CIVEA) has been…
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Millions of pounds in unpaid debts are being written off by East Renfrewshire council following a hike in council tax rates. Local authority bosses are preparing to accept the loss of £3.363m in historical community charge arrears, dating back more than 20 years. A further £739,000 of ‘bad debt’, including unpaid council tax and housing benefit…
Read moreCouncils across the Black Country and Staffordshire called in bailiffs to collect more than £21 million in debts over the past two and a half years, new figures have revealed. From 2015 six local authorities used debt collectors on 161,471 occasions, with council tax arrears accounting for around 65 percent of cases. The association that…
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The Office for National Statistics has published its latest UK consumer price inflation figures showing the Consumer Prices Index was at 3% in January 2018, unchanged from December 2017. Jane Tully, director of external affairs at the Money Advice Trust, the charity that runs National Debtline, said: “Inflation remains high at three percent with wages…
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During 2017, 22,763 debt decrees were registered against Scottish consumers, nine percent more than in the previous year according to latest figures by The Registry Trust. The combined value of all consumer decrees was £64m, just two percent higher than 2016. The mean average value of a consumer decree decreased seven percent. Dropping 10 percent,…
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Phoenix High Court Enforcement has announced two new appointments. Jason Critchley joins as a new Business Development Manager, in the High Court Services team. Critchley, an ex-Wales and Great Britain Rugby League International, has been appointed to a new role in the company as Business Development Manager, High Court Services. Jason has an extensive knowledge…
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Debt advice experts are calling for enhanced training for legal advisers and court staff following last week’s announcement by the High Court that up to 17 people in England and Wales were unlawfully sent to prison in 2017 for council tax arrears. While the court failed to declare this a ‘systematic failing’, it was acknowledged…
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The Civil Enforcement Association (CIVEA) has appointed Russell Hamblin-Boone to a new position of Chief Executive Officer. Mr Hamblin-Boone will give a new voice and direction to CIVEA and its members at a time when the industry is facing a review of regulations and needs strong representation in policy debates. Hamblin-Boone was previously Chief Executive…
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