Credit, Collections & Insolvency News
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 moreNew figures released by the Finance & Leasing Association (FLA) show that new business figures for the second charge mortgage market in January continued to show growth. Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “The second charge mortgage market reported growth in January, with new business up…
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Close Brothers Motor Finance has announced that it has appointed Jaco Wilsenach as Chief Operating Officer (COO). Wilsenach succeeds Liam Queegan, who has moved to Nextgear Capital. Wilsenach’s careers spans two decades across finance and tech. He began as operations manager at IT manufacturer HP in South Africa, and subsequently held positions at Barclays, Vodafone and Virgin…
Read moreNewbury Building Society has appointed Kieron Blackburn as Finance Director (FD). Blackburn joins from Ipswich Building Society where he was also Finance Director, holding the role for 10 years.He has also spent 12 years at UCB HomeLoans, a subsidiary of Nationwide Building Society, and seven years at Midland Bank. Blackburn replaces Lee Bambridge has moved…
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European debt purchaser DDM Holding has announced that it has entered into an agreement to acquire a sizeable distressed asset portfolio containing secured corporate receivables in the Balkans from a leading bank in the region. The gross collection value of the portfolio amounts to approximately EUR 240 million. About 90% of the portfolio value is…
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Phillips & Cohen Associates, (Australia), the Australian arm of the globe’s leading deceased account management specialist, celebrates its fifth anniversary this month. The business, led by Managing Director, Don Coulthard, has enjoyed vibrant growth in the Australian market. Clients have been quick to benefit from the positive consumer impact of Phillips & Cohen Associates’ compassionate…
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New research from NS&I reveals that personal finance worries are having a negative impact on the well-being of 17 million Britons, with a quarter (26%) revealing that the state of their personal finances has had a negative effect on their mental health. In total 85% of Britons admit to worrying at least some of the…
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Tens of thousands of people are missing from society, hiding away and suffering acute anxiety because of poverty. These are the findings from a new Christians Against Poverty (CAP) report launched today by the charity’s patron the Archbishop of Canterbury. Archbishop Justin Welby said at the launch of the report that debt problems are now at…
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Peter Bell has joined Cox Automotive’s business Manheim as Managing Director. Bell joins from Jaguar Land Rover, where he held the role of global financial services director. He has also worked as Chief Operating Officer at Volkswagen Financial Services in the past. Michael Buxton, Chief Executive Officer at Cox said: “Peter is an accomplished business…
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Short-term lender Trusted Quid has announced its data has been accessed between 1st July 2016 and 17th February 2018. Information entered when applying for a loan directly via the was accessed. In a statement on the website Trusted Quid said “This does not involve customer data stored on Trusted Quid’s main systems (server). It also does not involve customers or applicants who have…
Read moreThe Office for National Statistics has today published its latest UK consumer price inflation figures showing the Consumer Prices Index was at 2.7% in February 2018, down from 3% in January 2018, its lowest level since July 2017. Commenting on the figures Joanna Elson OBE, chief executive of the Money Advice Trust, said “This slight drop in…
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Callcredit Information Group has made two new senior appointments to help it better serve and protect clients in the age of the empowered consumer. Against a backdrop of Open Banking, GDPR and the ever-growing threat of fraud, Callcredit is seeking to provide better ways for brands to interact with their customers whilst also protecting them…
Read moreOnline research from Equifax, shows that using a debit or credit card with a pin number is still the preferred method of payment for 42% of people in the UK. Contactless methods followed at 34%, with the vast majority of these respondents (31%) preferring a contactless card to using their phone or wearable technology (3%).…
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