Credit, Collections & Insolvency News
Aldermore, has made several new appointments to its Business Finance Risk Management function. Jerry Barrie has been appointed as Head of Asset Management. Barrie assumes responsibility for the monitoring and evaluation of the Bank’s asset finance portfolio and collateral. Prior to joining Aldermore, Jeremy worked in asset management at CIT Vendor Finance, a commercial and…
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Zopa has announced plans to launch “Next Generation” Bank Banking licence will lead to extended range of savings and borrowing products, their intention to launch a bank to enhance their market-leading peer-to-peer business. The application for a banking licence will be made to the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA). Jaidev…
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Rob Lankey has been appointed as Interim Chief Executive Officer of the NACFB following the announcement on the 28th October 2016 that Adam Tyler is standing down after 11 years at the helm. Lankey starts with immediate effect to assist with the handover. Lankey, who left Aldermore at the end of June 2016 after nine…
Read moreSevern Trent has announced it will acquire rival water company Dee Valley Water in a deal worth £78.5 million. Severn Trent operates in neighbouring of Dee Valley Water areas in England and Wales. It will pay 1,705 pence in cash per share for the company, which supplies approximately 62 million litres per day to more than 258,000…
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Latest figures from Equifax Touchstone indicate that Northern Ireland and Scotland saw a big slump in mortgage sales at -8.7% and -5.2% respectively during October. The Home Counties and South Coast were the only regions to report mortgage sales growth in October (+2.5% and +1.0% respectively), according to Equifax Touchstone analysis of the intermediary marketplace. Northern…
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TotallyMoney.com has hired Tom Platt to head up its commercial team. Platt starts the new role as Chief Commercial Officer in late November. With over 15 years of experience working in the financial services and technology sectors, Tom joins TotallyMoney.com from leading cloud services platform provider BCSG, where he oversaw global sales and partnerships. Prior…
Read moreThe Credit Services Association (CSA) has issued some simple guidance around debt, and particularly how to avoid becoming a case of ‘mistaken identity’ and how to resolve the matter should it occur. · Keep creditors up-to-date with current contact details: If you move, change phone number, email address, or even change your name, inform all…
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The Council of Mortgage Lenders (CML) has published it’s latest research identifying underlying mortgage lending trends. Paul Smee, director general of the CML, said “House purchase activity appears to have steadied, we may not be seeing huge increases in activity on the scale of 2013-14 but there is a consistency in the levels in recent months. Mortgage…
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GFKL Lowell Group has announced the appointment of Thomas Dold, previously CEO of Tesch Inkasso Group, as DACH (Germany, Austria, and Switzerland) Regional Manager with immediate effect. The Regional Manager role is a new one for the Group and is introduced to bring the capacity and capability necessary to drive the Group’s growth. Thomas Dold…
Read moreThe Government’s efforts to tackle the UK’s late payments culture have so far failed to protect hundreds of thousands of small and medium-sized enterprises (SMEs) from exploitative customers who fail to pay their bills on time, Close Brothers Invoice Finance has warned. The Close Brothers Business Barometer, the quarterly survey of SME sentiment on a…
Read moreThe latest figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 12% in September, compared with the same month last year – the thirty-sixth consecutive month of growth. In Q3 2016, new business was also up by 12% compared with the same…
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Citizens Advice has said that energy firms charging much higher prices for the standard tariff is fundamentally unfair. This follows the Secretary of State for Business and Energy Greg Clark saying that he will look at evidence that it has been claimed shows gas and electricity firms make as much as 24 per cent profit…
Read moreEquifax has commented that the clock has started for Telco businesses to prepare for new data protection rules. Neil Compton, Telco and Utilities Director at Equifax said “Privacy and data protection are high on the agenda for consumers and regulators. Telcos are custodians of vast amounts of data and must start overhauling their procedures now to…
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