Credit, Collections & Insolvency News
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.
Read moreA 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…
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TSB’s new brand for the loan portfolio is Whistletree. The brand name has been given to Northern Rock’s former loans and mortgages portfolio which TSB bought from Cerberus Capital Management last year. The loans were previously managed by UK Asset Resolution (UKAR).
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The Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have announced a €45million lower-cost invoice financing fund for Irish SMEs. An extension of SBCI’s on-going efforts to drive competition and choice in the Irish lending market, the announcement sees €45 million in funding being made available to Irish businesses. The agreement enables…
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Nick Tubbs has joined JBW Group as their Chief Executive Officer.
Read moreCorality Financial Group are a financial modelling consultancy and training provider. The deal is due to complete in August.
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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…
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The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) approved the new licence. The bank plans to launch in January 2017. The bank will offer a one account concept joining up consumer finances by linking up bank accounts, loans and credit cards in one place.
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Freedom Finance have acquired Sensible Home Finance
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https://www.theguardian.com/business/2016/jul/15/hopes-for-bhs-rescue-fade-as-administrators-prepare-to-shut-20-stores
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http://news.sky.com/story/travel-firm-collapses-blaming-brexit-vote-10502946
Read moreAs part of the changes Ian Steward has been appointed Managing Director of Close Brother Invoice Finance. Steward was previously Managing Director of Close Brothers Invoice Finance North. George May and Fiona Parkinson will now become Commercial Directors for the north and south.
Read moreBibby Financial Services has announced the fund to support European SMEs. The three-year agreement with HSBC will be available to new and existing SME customers.
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