Credit, Collections & Insolvency News
Corality Financial Group are a financial modelling consultancy and training provider. The deal is due to complete in August.
Read more
The Financial Conduct Authority (FCA) published a Decision Notice issued to Andrew Barry Hart, Director of Wage Payment and Payday Loans Limited (WPPL). The FCA has decided to prohibit Mr Hart from performing any role in regulated financial services and has decided to cancel WPPL’s interim permission. WPPL is a consumer credit firm that provides…
Read more
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) approved the new licence. The bank plans to launch in January 2017. The bank will offer a one account concept joining up consumer finances by linking up bank accounts, loans and credit cards in one place.
Read more
Freedom Finance have acquired Sensible Home Finance
Read more
http://www.cityam.com/245577/co-operative-bank-has-hired-new-chief-financial-officer
Read moreBank of England monetary policy committee maintains interest rates at 0.5% for an 88th month.
Read more
Liz Truss has been appointed the new Lord Chancellor and Secretary of State for Justice. Truss was Secretary of State for Environment, Food and Rural Affairs.
Read more
https://www.theguardian.com/money/2016/jul/15/mps-decry-inadequate-efforts-stop-money-laundering-uk-property
Read more
Lenders are braced for falling demand for mortgage loans following the Brexit vote amid fears over economic uncertainty, the Bank of England said today. Its latest credit conditions review, which includes discussions with major High Street lenders following the referendum, said that banks expect “demand for secured credit” to slide despite little change in the availability of…
Read more
http://www.cityam.com/245332/payday-lender-wonga-name-new-chief-executive
Read morehttp://www.cityam.com/245522/santander-bank-fined-10m-us-settle-vendors-overdraft
Read more
James Bawa to be appointed as Chief Executive of Monmouthshire Building Society joining fromTeachers Building Society. Current Chief Executive Andrew Lewis will retire later in the year.
Read more
A new national register – Landlord TAP – places all let properties in England and Wales in one place. Landlords will provide information about tenants responsible for paying water bills.
Read more