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
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
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 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
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
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 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
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.
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’.
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
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.
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.
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.
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.
In these newsletters, I’ll be reviewing what I’ve heard from the car finance community over the last week.
Each week in the run-up to our Car Finance Conference and Awards event (9 June at the St Johns Hotel in Solihull.
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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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
Stephen Humphreys, head of propositions at Huntswood, explains how the consultancy adapted the FCA’s identified customer needs into 10 measurable outcomes
Michael Jackson, director of high court services at Marston Holdings, unravels the different measures for court reforms
In his weekly car finance blog, Fred Crawley tackles the brutal truth about direct lending.
Adam Thornber, managing director at Bridgeforce, explains the importance of understanding complaint trends
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.
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.
Val Smith, credit authorisations director at the FCA, reviews the application process for consumer credit firms ahead of a milestone in March
In an update on new civil procedures, Paula Swain explains a new draft pre-action protocol for debt claims