Alternative Consumer Lending

Freedom Finance hires new Managing Director

  Freedom Finance has hired Jeff Poole as their new Managing Director of Consumer Finance. Zoe Cuthbertson has also joined the team as Freedom’s new Head of Marketing.    

Bailiffs, Government and Councils ranked most unfair in dealing with debt

A report by charity Stepchange has found that  bailiffs, government departments and bailiffs are among the most unfair when dealing with people in problem debt. The report titled Creditor and debt collector conduct: What’s making debt problems worse? also found that some creditors are failing to take vulnerabilities such as depression and other ongoing mental health conditions into…

Payday Lender loses interim permission and Director is banned

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…

Wonga name new Chief Executive

http://www.cityam.com/245332/payday-lender-wonga-name-new-chief-executive

Freedom Finance new appointments

Freedom Finance appoints Michael Davidson and Neil Farrar-Smith to their management team.  Davidson joins as Business Development Director. Farrar-Smith has been appointed as Director of Business Finance. Earlier this year Brian Brodie joined Freedom Finance as the Group’s Chief Executive.

Financial Conduct Authority (FCA) admits it now takes half a year to get authorised

Average processing times for authorising have been increasing over the past year and (as of the end of March) sat at nearly 25 weeks.

The Association of Short Term Lenders (ASTL) has announced the date of its fourth annual conference to be held on the 22nd September 2016

Cash Genie has voluntarily entered into a solvent liquidation

Non-Standard Finance acquire Everyday Loans from Secured Trust Bank