Credit, Collections & Insolvency News
Integrated property services group Styles & Wood has appointed Ian Wilson as managing executive of governance, risk and compliance (GRC) software as it targets new growth opportunities for its established technology business. Wilson joins Styles&Wood Technologies with 27 years’ experience in the financial services, industry, including senior business development roles at software providers Hitec Laboratories, Sopra Group…
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HSBC has voluntarily agreed to set up a redress scheme for customers who may have suffered detriment by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has announced today. Both HFC and JLFS are now part of HSBC Bank…
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Dharam Prakash Gopee , appeared at Westminster Magistrates Court charged with offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000. These charges arise from an investigation carried out by the Financial Conduct Authority (FCA) into Mr Gopee and companies he controls including Reddy Corporation Ltd, Speedy Bridging Finance Ltd…
Read moreThe Carrington Dean Group has become the first full service debt advice and solutions business in Scotland to receive Financial Conduct Authority (FCA) authorisation, . Carrington Dean Chief Executive Peter Dean said “Vulnerable people seeking debt advice need to be able to trust they are dealing with an ethical and expert firm that will always put…
Read moreEE has been fined £2.7 million by Ofcom for overcharging tens of thousands of its customers. The penalty is the result of an investigation into the mobile phone provider, which found that the company broke a fundamental billing rule on two separate occasions. First, EE customers who called the company’s ‘150’ customer services number while…
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The Money Advice Trust has welcomed an expected commitment from the Prime Minister to review GP charges for the Debt and Mental Health Evidence Form. The form enables people with mental health and debt problems to access additional support from their creditors, such as freezing interest payments and other forbearance measures. The announcement of a government…
Read moreAs the six month countdown to implement the fourth EU Money Laundering Directive (MLD4) begins, companies need to ensure they are ready for the new requirements, or they risk hefty penalties. John Marsden, Head of ID and Fraud at Equifax said “At least a hundred billion pounds, equivalent to the GDP of Ukraine, is reportedly being…
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The Competition and Markets Authority (CMA) has announced two new senior appointments. Following an internal promotion, Lucilia Falsarella Pereira, previously an Assistant Director at the CMA, has already started in her new position, as has Fred Houwen, who joined the Competition and Markets Authority from Reckitt Benckiser on 3 January 2017. Tim Geer will join…
Read moreThe level of outstanding fines in Northern Ireland is “exceptionally high”, according to the Northern Ireland Audit Office. Kieran Donnelly, comptroller and auditor general, reported to the Northern Ireland Assembly on the results of his audit of the Northern Ireland Courts and Tribunals Service (NICTS) Trust Statement for 2015-16. The Trust Statement records the collection of…
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Ofcom and the Information Commissioner’s Office (ICO) have published an update on their joint action plan to tackle nuisance calls and texts>The latest update highlights recent targeted enforcement action, new ‘blocking’ measures to help stop nuisance calls getting through to consumers and progress in their call tracing work. It also summarises how Ofcom is working to…
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Ofgem has confirms it has asked energy providers to return £670million of customer money owed since 2014. In 2014, Ofgem challenged large suppliers to do more to return money to former customers who had credit on their account after their account was closed, typically after switching supplier. The regulator says that today, most customers are…
Read moreThe Financial Conduct Authority (FCA) has today announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS) and has also launched a consultation on a number of specific changes to its scheme rules. The FSCS is the UK’s statutory compensation scheme of last resort, which can step in…
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Anglia UK has achieved a industry-leading accreditation for the safety and security of its data handling. The Spalding-based vehicle credit management specialist has become the first in its industry to achieve ISO 27001 in recognition of its stringent approach to confidential data handling and IT management. ISO is an independent benchmarking company that gives world-class specifications…
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