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Top story: TRI Awards launched for 2016

Insolvencynews.com has today launched the categories and criteria for the Turnaround, Restructuring and Insolvency (TRI) Awards – the first step in a major rebrand for the scheme. Read full story

 

News stories

Debt management firm director handed suspended jail sentence

A director of three debt management firms has been sentenced to 15 months in prison, suspended for two years, after being found guilty of fraud by abuse of position. Read full story

Lowell reveals £250m of purchases and new acquisition

European credit management business Lowell GFKL Group invested £250m in non-performing loan (NPL) portfolios during the full 2015 calendar year – and has just announced a new European acquisition. Read full story

More than half of CSA members secure FCA authorisation

More than half of all debt collection agencies (DCAs) that applied for full regulatory authorisation have had applications accepted, and the pace of authorisations is accelerating, according to the Credit Services Association (CSA). Read full story

Lowell Group announces board changes

Debt purchaser Lowell Group has announced a series of executive board changes, after completing the first phase of integration with German credit management firm GFKL Group. Read full story

1st Credit collections rise by 18% to £50m

Debt purchaser 1st Credit has announced it increased collections revenue to £50.1m in 2015 – up 18 percent from £42.5m the previous year. Read full story

Credit 100 revealed

Credit Today has now revealed the Credit 100, a breakdown of the most influential directors, chief executives and business leaders across consumer credit. Read full story

Industry news

CT Awards 2016 host revealed

Comedian and actor Omid Djalili is to host the 2016 Credit Today Awards, now in its 17th year, headlining a lineup of entertainment for the industry’s Oscars next week.

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Big Brother is watching you… Car Finance Newsletter #7

This week, I was interested to see the Bank of England turning its beady eye on the UK car finance market, and the Huffington Post issue dire warnings about a new and mysterious product called ‘higher purchase’.

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Changes at the top – Credit Today’s 6th Car Finance Newsletter

In today’s newsletter we’re going to take a look at two major leadership changes in the sector, get James McGee’s take on competition with direct lenders

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You’re either a partner or you aren’t: McGee on the future of point-of-sale

After I sent last week’s newsletter, I noticed many of you clicking through to that Telegraph article warning consumers about the potential pitfalls of PCP.

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Car Finance Awards – ‘surprise’ deadline extension

Since some of you were probably already on the nineteenth hole when I sent out Thursday’s pre-Easter bulletin, I thought you’d forgive me mailing again today.

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Predictions of Doom

Yes, I know it’s been three weeks since my last “weekly” mail; on reflection, I probably shouldn’t have promised a weekly newsletter right before going on holiday. But there you go.

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Credit Today Awards entries hits record high

Credit Today has received more nominations for the 2016 Credit Today Awards than in any other year its entire 16-year history, following the evolution of the Award categories.

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Anxious brokers, birthday parties, and online finance sales

In these newsletters, I’ll be reviewing what I’ve heard from the car finance community over the last week.

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Welcome to Credit Today’s first car finance newsletter

Each week in the run-up to our Car Finance Conference and Awards event (9 June at the St Johns Hotel in Solihull.

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Car Finance

News Media pack Agenda Awards

The Car Finance Conference and Awards will unite lenders and dealers across the UK to learn, network and celebrate. Both events take place on 9 June in sunny Solihull. With a two stream conference programme structured around a comprehensive SWOT analysis and a black tie awards celebratory evening, it’s a date you can’t afford to miss.

Want to find out more about the Car Finance industry? Follow us on social media and check out the industry news above.

 
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Directors’ conduct reports: Changes you need to know

Charlotte Møller, partner, and Estelle Victory, associate, at Reed Smith explain how legislation changes have affected the reviews of directors' conduct, when companies go bust

Vulnerable customers – ensuring the delivery of fair outcomes

Stephen Humphreys, head of propositions at Huntswood, explains how the consultancy adapted the FCA’s identified customer needs into 10 measurable outcomes

The future of high court enforcement

Michael Jackson, director of high court services at Marston Holdings, unravels the different measures for court reforms

The unspeakable truth

In his weekly car finance blog, Fred Crawley tackles the brutal truth about direct lending.

How complaint management defines future success

Adam Thornber, managing director at Bridgeforce, explains the importance of understanding complaint trends

SIP 16: no easy answers!

Unfortunately for creditors, involvement in insolvency transactions may only serve to put them in a worse position as time and publicity erode value, writes Graham Lane of Willkie Farr & Gallagher (UK) LLP.

A double-edged sword

While many do not think of insurers as credit providers, writes Equifax’s Jake Ranson, they very much are – and this brings with it opportunities as well as challenges.

The FCA: An update on the consumer credit authorisation process

Val Smith, credit authorisations director at the FCA, reviews the application process for consumer credit firms ahead of a milestone in March

A charter to delay payment?

In an update on new civil procedures, Paula Swain explains a new draft pre-action protocol for debt claims