News

Poor Service results in Protest Debt

Research by Echo Managed Services suggests that consumers are purposely withholding payments as a result of poor customer service or billing issues. Full details of the report can be found here.

FCA approved companies announced so far

Here is a list of credit industry companies approved by the Financial Conduct Authority (FCA) announced so far: Agilsys Burlington London House Wrights Recoveries Myjar Debt Managers Allied Credit Management Akinka CCS collect Spratt Endicott CRS Luna Finance Cash on Go/Peachy.co.uk BW legal Trusted Quid Ferrantum Drydens Fairfax Hilton Baird Uncle Buck Cabot Credit Management Face…

It currently takes an average of seven to fill an open permanent job vacancy in the financial services industry

It currently takes an average of seven to fill an open permanent job vacancy in the financial services industry, according to new research by specialist recruitment firm Robert Half Financial Services. Function in financial services company – Median weeks taken to fill an open permanent vacancy is listed here: Risk – 8.20 Compliance – 8.09…

Tech Mahindra to acquire share capital of Target Group

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio from the legacy book of NRAM (including £12 billion of loans within the Granite securitisation vehicle, plus a further £1billion of non-Granite assets) to Cerberus Capital Management LP.

UK Asset Resolution (UKAR) announces the transfer of its mortgage servicing operations to Computershare

Harrington Brooks acquire Debt Lifeboat business

Duff & Phelps have acquired Corporate Finance Ireland (CFI)

Businesses Planning Payments is vital to avoid missing important payment commitments on Bank Holidays

Businesses Planning Payments is vital  to avoid missing important payment commitments on Bank Holidays, says Bacs Payment Schemes Limited Business owners and finance teams must make sure important payments to staff, customers, and suppliers are submitted early.

The Government has announced that it is proposing a three month moratorium from creditor action for insolvent or near-insolvent companies

Gross mortgage borrowing of £12 billion in the month was 12% higher than in April 2015

Gross mortgage borrowing of £12 billion in the month was 12% higher than in April 2015.  House purchase approval were 6% lower than in April 2015.

Government proposals in the Digital Economy Bill

Government proposals in the Digital Economy Bill,  suggests switching mortgages in seven days maybe possible in the future.

Mortgage fraud suffers losses equivalent to £1.3 billion annually, according the Annual Fraud Indicator 2016 report

Mortgage fraud suffers losses equivalent to £1.3 billion annually, according the Annual Fraud Indicator 2016 report. Out of every 10,000 mortgage applications, 84 are suspected of being fraudulent.