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Top story: FCA: Misconduct can’t be blamed on ‘competing priorities’

The Financial Conduct Authority (FCA) has warned banks that senior managers will not be exonerated from misconduct, if they blame “competing priorities.” Read full story

 

News storiesMore

CSA president joins FENCA

Leigh Berkley has been appointed as vice president of the Federation of European National Collection Associations (FENCA). Read full story

ICO fines lender over seven million spam texts

The Information Commissioner’s Office (ICO) has fined Intelligent Lending, trading as Ocean Finance, £130,000 for spamming individuals with seven million texts. Read full story

Link Financial announces Irish acquisition

Link Financial Group has announced the acquisition of Ireland’s largest debt purchase and credit management business. Read full story

“Ethical online lender” expands its services

A not-for-profit short-term lender is expanding its financial services to borrowers in London and Manchester. Read full story

Yahoo’s hacked accounts: No bank details stolen

Yahoo’s investigation of 500 million hacked accounts suggests no payment card data or bank details have been stolen. Read full story

Fintech lender launches a mini-bond

Consumer finance firm Valour has launched a mini-bond to raise £5m and grow the loan book of its lending subsidiary Savvy.co.uk. Read full story

Shares in Arrow rise after Apax ‘takeover’ report

Shares in debt purchaser Arrow Global have risen following a Bloomberg report that claimed a private equity firm is mulling a potential takeover option. Read full story

Industry news

Research revealed, new stats, and massive boasting

Good afternoon, and welcome to the car finance newsletter. Sorry for the delay since my last note – apart from the small matter of the UK’s political landscape collapsing faster than Top Gear’s viewing figures, I was waiting for some of the followup work from the car finance conference to come together. Now, however, it’s all ready – and I reckon it’s worth the wait.

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Litigation funders given opportunity to shine at TRI

Organisers of the Turnaround, Restructuring and Insolvency (TRI) Awards have created a new category for litigation funders in the rebranded scheme, due to popular demand. The new category, Insolvency Litigation Funder of the Year, was created in response to a rise in claims being presented for third party litigation funding across the profession.

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Product evolution, market disruption

Car Finance has become a powerhouses in UK financial services, growing to an unprecedented market size. Yet for all its momentum, it faces an uncertain future. Besides Brexit, changes to the way consumers approach vehicle purchase –even the concept of mobility – are presenting finance houses with challenges and opportunities.

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CCS Awards 10th anniversary – time to get your act together

Roll up, roll up - entries are now open for the Collections & Customer Service Awards, celebrating its 10th anniversary this year. The ceremony will take place on 24 November 2016, and returns once again to the iconic Midland Hotel, Manchester.

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Farewell, I&R Awards...

Insolvency News has relaunched its flagship event for the insolvency sector, in time for its ninth anniversary outing this year. The event, to be held on 18th October at the Hilton, Park Lane, will now take place under the banner of...

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Forthcoming events

TRI Awards 2016

19 Oct 2016
London Hilton on Park Lane

Insolvencynews.com has launched new categories and criteria for the Turnaround, Restructuring and Insolvency (TRI) Awards. Full details...

Collections & Customer Services Awards 2016

24 Nov 2016
The Midland Hotel, Manchester

The Collections & Customer Service Awards returns for its tenth outing this year. Full details...

Collections, Debt Sale & Purchase Conference 2016

24 Nov 2016
The Midland Hotel, Manchester

The leading collections and debt sale conference in the UK. Full details...

F5 Awards 2016

13 Dec 2016
Hilton London Bankside

Credit Strategy, the host behind recognised and reputable alternative lending gatherings, is pleased to bring you the F5 Awards. Full details...

F5 Conference 2016

13 Dec 2016
Hilton London Bankside

Bringing together new-world lenders, regulatory leaders and investment experts to chart opportunities and threats. Full details...

Credit Summit 2017

30 Mar 2017
QEII Centre, London

The UK's largest credit industry conference returns on 30 March 2017, attended by all industries and sectors and industry leading speakers. Full details...

Credit Awards 2017

11 May 2017
The Grosvenor House Hotel, London

The next Credit Awards will be held on 11 May 2017. You are invited to the largest industry event of the year. Full details...

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