Wonga name new Chief Executive

13th July 2016 Consumer Collections |

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

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US Regulator fines Santander $10million to settle vendor’s overdraft practices

13th July 2016 Consumer Collections |

http://www.cityam.com/245522/santander-bank-fined-10m-us-settle-vendors-overdraft

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New Chief Executive appointment at Monmouthshire Building Society

9th July 2016 Consumer Collections |

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.  

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National portal for landlords to be created by Water firms

8th July 2016 Consumer Collections |

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.

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Borrowing risks to households following Brexit

7th July 2016 Consumer Collections |

The Bank of England Financial Policy Committee report published its Financial Stability report, which identified “the high level of UK household indebtedness.”   

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Freedom Finance new appointments

6th July 2016 Consumer Collections |

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.

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Identity Fraud rises 52% in 2015

5th July 2016 Consumer Collections |

Cifas reveals that criminals target fraud victims aged under 30. The figure is up by 52% in 2015. The fraud figure for 2015 showed that 23,959 people aged 30 and under were victims of identity fraud. This is up from 15,766 in 2014, and is more than double the 11,000 victims in 2010.  

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Atom Bank and Phoebus Software agree deal

4th July 2016 Consumer Collections |

Atom Bank agrees 5-year deal Phoebus Software. Phoebus will service across Atom’s secured business lending and accounts propositions for residential portfolios.

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One in ten homeowners aged over 55 still have interest-only mortgages

4th July 2016 Consumer Collections |

Research from over-60s property experts Homewise suggests that up to one in ten over-55s homeowners across the UK are still paying interest-only mortgages therefore facing the prospect of clearing their debt when the deal runs out. 

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1.3 million people helped by the Money Advice Trust in 2015

4th July 2016 Consumer Collections |

  The Money Advice Trust t helped 1.3 million people to tackle their debts and manage their money last year.

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Shawbrook expects £9 million impairment charge

3rd July 2016 Consumer Collections |

Irregularities at Shawbrook Group expected in the second quarter of 2016

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Gross mortgage borrowing of £12bn in May was 10% higher than last year

3rd July 2016 Consumer Collections |

Borrowing in the first five months of 2016 was £67.5bn compared with £51.7bn in the same period of 2015. British Bankers Association (BBA) High Street Banking Statistics

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Santander to launch leasing product for consumers and businesses

3rd July 2016 Consumer Collections |

Santander Consumer Finance UK (SCF) product to be sold through brokers and dealerships

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