Credit, Collections & Insolvency News
The Prime Minister’s has announced plans for a cap on energy bills at the Conservative Party Conference. Citizens Advice has welcomed the Prime Minister’s announcement of legislation to tackle high energy bills, saying it could provide a solution to runaway energy costs. The national charity has also called for the government to look at protecting low-income…
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The UK’s new payment system operator has announced the appointment of its first five Board members: Anna Bradley – Chair, Rail Safety and Standards Board Becky Clements – Head of Industry Engagement and Payment Change at Metro Bank Russell Saunders – Managing Director Global Payments at Lloyds Banking Group Peter Wyman – Chairman, Care Quality Commission…
Read moreThe concept of the ‘Bank of Mum and Dad’ is growing in importance but more than half of potential first-time buyers expecting to receive financial help from family to complete their purchase would feel guilty about doing so, new research reveals. The latest First-Time Buyers Report by Yorkshire Building Society shows 66% of UK adults aged 18-40…
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Newcastle City Council has signed up to the Citizen’s Advice Council Tax Protocol to show it will collect debt in a ‘fair and reasonable’ manner and offering support and advice to residents. The council’s cabinet member for resources, Councilor Veronica Dunn, said: ‘We have a duty to collect the tax but where people are in…
Read moreThe European Central Bank (ECB) plans to ask euro area banks to set aside more cash to cover bad loans, making it prohibitively expensive for lenders to keep sitting on them, a draft proposal seen by Reuters showed on Tuesday. Soured loans are clogging up bank balance sheets and holding back lending – a headache…
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The Consumer Finance Association (CFA) and the BCCA have announced the completion of their merger. This brings to a close the process that was first announced in late July. Jason Wassell, formerly Chief Executive of the BCCA has been appointed to run the new organisation said “Through this merger, we believe that we can better represent the…
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Advisory specialist Baldwins, who last year joined CogitalGroup to form part of their international business service group, has announced its largest acquisition to date. The firm is expanding into Scotland with two acquisitions which will see its revenue grow to £89 million. Campbell Dallas, which has offices in Glasgow, Perth, Kilmarnock, Stirling and Aberdeen, employs 260 staff…
Read more55% of UK small businesses are still not familiar with the General Data Protection Regulation (GDPR) despite its introduction being now less than a year away, according to a new business research by Collyer Bristow. The survey further reveals that the knowledge of GDPR is higher in larger businesses. However, 30% of executives at companies…
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Phil Andrew has been appointed as the new Chief Executive of debt charity StepChange. He will take up the post on November 20th, taking over from Mike O’Connor CBE. Andrew’s most recent role was as Chief Executive of Working Links which provides innovative interventions to disadvantaged and socially-excluded groups within the UK, Ireland and the…
Read moreCredit Bureau, Credit Kudos has announced its has received Financial Conduct Authority (FCA) authorisation. Credit Kudos are building a new credit scoring system to tackle the problem of increasingly persistent consumer debt. Commenting on the announcement, Freddy Kelly, founder and CEO of Credit Kudos said: “Credit is a crucial instrument for so many of us,…
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Zopa and Saffron Building Society have teamed up to help more consumers get access to better value, flexible personal loans. The new partnership means that consumers will be able to get access to a Zopa loan at any of Saffron Building Society’s 11 branches across Hertfordshire, Essex and Suffolk and via Saffron’s website. Consumers looking…
Read moreThe DWP has announced that benefit claimants struggling to pay their bills will be able to get cash advances upfront, Work and Pensions Secretary David Gauke has said. The government has recognised concerns that people moving on to Universal Credit had to wait six weeks to be paid. The Minister announced he will introduce refreshed…
Read moreThe merger of Intrum Justitia and Lindorff was completed in June and following from the announcement the company has consolidated the two companies by introducing a new corporate identity and brand name: Intrum. Mikael Ericson CEO and President of Intrum said ”Intrum is the undisputed market leader. This presents new opportunities for growth through joined…
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