Credit, Collections & Insolvency News
Gateway2Finance has revealed that it has been acquired by Equiniti Group PLC. The acquisition of the Halifax-based loan brokerage is expected to support Equiniti Group’s strategy to promote loan, mortgage and technology solutions to meet the requirements of the fast-moving credit marketplace. Paul Woodworth, managing director of Gateway2Finance.“Everyone within Gateway2Finance is delighted with the move…
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Former V Loans Managing Director Marie Grundy has been appointed as Sales Director of West One Loans. Grundy brings a wealth of knowledge from 20 years in the mortgage sector. That experience spans both broking and lending, where most recently she spent over nine years with second charge master broker V Loans. Stephen Wasserman, Managing Director of…
Read moreSpecialist Home Credit Collector (HCC) lender Morses Club has announced the acquisition of Shelby Finance a provider of online instalment loans. Shelby Finance is fully authorised by the FCA to provide online instalment loans and will operate as a subsidiary of Morses Club. Morses Club state that the acquisition is an important strategic development as…
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Target Group has announced the purchase of the operating business of Commercial First. Commercial First are a provider of commercial and residential mortgage servicing, due diligence and property valuations for clients ranging from blue chip banks and fund managers to private equity and mortgage securitisations. Established in 2002 and based in Skipton, Commercial First provides…
Read moreIrish bank KBC has sold loans to credit-servicing and debt-collection firm Cabot Financial Ireland. The sale of the KBC portfolio is understood to involve more than 100 loans – most of which related to buy-to-let properties that have been sold – with money is still owned on the original mortgages. The sale comes weeks before…
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Bob Stefanowski is to be replaced as Dollar Financial Corporation Global (DFC) Chief Executive Officer. Bondholders in Dollar Financial Corporation Global (DFC) were informed late last week that Bob Stefanowski was stepping down as its chief executive, to be replaced by Glen Wakeman, a former GE Money executive in Latin America. The change at the…
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The Finance & Leasing Association (FLA), working alongside employers in a Trailblazer group, has won Government approval to develop a Motor Finance Specialist apprenticeship standard for the motor finance industry. We will now begin working with members, brokers and dealers to devise a training standard which will highlight the skills and knowledge that employers in…
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The Scottish Federation of Housing Associations (SFHA) has raised concerns about the inconsistent messaging from the Department for Work and Pensions (DWP) following their claim the LHA cap – dubbed the Bedroom Tax 2 – will not apply to existing tenants. The DWP statement in a Scottish Herald article on 3rd January claimed the ‘cap’ on social…
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Aldermore has announced the appointment of Petrina Oliver as the Head of Enterprise Risk. Oliver, has over 20 years of banking experience, including 13 years in financial services risk management. She joins Aldermore from Royal Bank of Scotland where she has worked since 2010, most recently as Head of Prudential Regulation & Frameworks, Risk Analytics…
Read moreCallcredit Information Group today announces it has extended its partnership contract to provide credit risk, affordability and fraud prevention solutions to specialist lender Cashfloat. As part of the extended partnership Cashfloat will be trialling a number of additional fraud solutions focused on digital channels such as email, phone and device identification. Callcredit has worked with Cashfloat,…
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Millions of credit card holders face a New Year financial hangover because they aren’t clued up about their credit card, new insight from MoneySuperMarket, The research found two thirds (64 per cent) of credit card holders don’t keep a close eye on how much they spend on credit and only check their statement at least once…
Read moreOrganisations that work with homeless people and give housing support to vulnerable are to benefit from £1.65 million of Scottish Government grant funding. The Housing Sector Voluntary Grant Scheme helps third sector organisations to deliver housing-related projects and services. The 2017/18 allocation will benefit 17 different organisations whose work includes helping older and disabled people…
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As 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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