Credit Management News

Metro Bank, Britain’s first new high street bank in over 150 years, has joined the LINK ATM network, giving its customers access to the entire UK cash machine network.  

Noble Systems, a global leader in innovative contact centre technology solutions, has received a “2010 IP Contact Centre Technology Pioneer Award” from Technology Marketing Corporation’s (TMC) Customer Interaction Solutions magazine for Noble SIPhony.

Daviker has announced that the third edition of their hugely successful TouchStar User Group Conference will be taking place at the Hilton Hotel, Manchester on Thursday, 7th October. 

Many consumers are waiting to see what happens in the wider economy before making credit commitments. This is the implication of the latest consumer credit figures from the Finance & Leasing Association (FLA) . The statistics show that consumers used 8% less credit in the 12 months to May than in the 12 month period to May 2009.

GCS Recruitment Specialists has formed a new Banking & Financial Services division, led by industry veteran John Kennedy. This is in response to a growing demand for sector specialists, in particular to fill critical roles in the areas of risk, regulation and compliance.

Responding to the Financial Secretary’s announcement on regulatory reform of financial services, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA), said:

Roger Liddell has informed the Board of his intention to retire from his role as chief executive of LCH.Clearnet Group Limited and its subsidiary company LCH.Clearnet Ltd in July 2011, after five years with the group.

The document includes new rules and guidance covering the following areas:  

With The Committee of European Banking Supervisors set to release the European Stress Testing results today at 5pm London time, Leigh Bates, Head of Financial Services Practice at SAS, comments : 

YES-secure.com, the UK’s first truly social network aimed at peer to peer (person to person) social lending and borrowing, announced that the two most popular unsecured loan categories currently being approved through its web marketplace are “Debt Consolidation” and “Student Fees”.

News that unauthorised current account overdrafts can result in exorbitant charges (up to 167% APR, on average) might have been a shock to many people – but not to those with a Credit Union Current Account.

Protecting UK consumers online is the focus of a long-term strategy launched for consultation by the Office of Fair Trading (OFT) today.

HSBC has appointed leading financial outsourcer and software solutions company, Target Group, to manage and service one of its structured investment products’ portfolios.

Gross mortgage lending in June was an estimated £13.1 billion, a 15% increase from £11.4 billion in May and a 7% increase from £12.2 billion in June last year, according to new data from the Council of Mortgage Lenders (CML).

Precise Mortgages have slashed the product fee on their exclusive and semi exclusive mortgage products.  The fee has been cut from 3% to 1.5% which makes them amongst the most attractive in the BTL market.  

Figures released this week by the Office for National Statistics have shown a slight drop in the number of people out of work. Between March and May, the number fell by 34,000 to 2.47 million.

In a speech to the Bristol Business Forum, David Miles – an external member of the Bank of England’s Monetary Policy Committee (MPC) – explains his view of the appropriate policy response to the financial crisis.

The way to improve football in the UK, now the World Cup is over, is to follow the approach of leading Spanish clubs and hand them over to their fans, according to a new report being launched today (15 July) by Co-operatives UK and Supporters Direct.

Financial Secretary to the Treasury, Mark Hoban MP, has launched a consultation document on the Bank Levy.

Responding to the Consumer Affairs Minister’s announcement of a review later this year into the consumer credit market, Finance & Leasing Association (FLA)  Director General, Stephen Sklaroff said: