MA Consultancy: Credit Industry News

This Week's News - 10 January 2014

The Taking Control of Goods (Fees) Regulations 2014
This is the second set of Regulations which will underpin the Government's package of reforms to bailiff law. The first set, The Taking Control of Goods Regulations 2013, sets out the procedure enforcement agents must follow when taking control of goods and were laid in Parliament on 30th July last year. The third and final set of Regulations will follow shortly and will focus on the requirements an individual must meet before they are granted a certificate to work as an enforcement agent. All three sets of Regulations will be implemented on the 6th April... Read more here...

♦ UK ‘zombie business’ population falls over 2013
“While we have seen ‘zombie business’ numbers fall and stabilise, there hasn’t been a corresponding rise in corporate insolvencies. Encouragingly, many struggling businesses will have used the unexpected...

♦ 'No Notice' Given When Tenants Moved (CCR-PS pg7; APP)
Newham is just one of a number of a number of London Boroughs which is admitting to encouraging low income families to move out of accomodation deemed to have extra bedrooms they do not need...

♦ FOS consults on plans for resolving unprecedented number of complaints while reducing budget by 20%
“While we expect the volumes of PPI complaints to decline, the numbers are still likely to be substantial. Our plans take this into account...

♦ EMF Sets Media Straight On Termination Rules (CCRW pg6;APP)
The European Mortgage Federation has hit back against media reports claiming that new rules will mean consumers will be able to terminate credit agreements without challenge...

♦ Shop prices fall at fastest rate for at least seven years
Overall shop prices reported deflation for the eighth consecutive month in December, slowing to 0.8% from 0.3% in November. This is the deepest level of deflation since the series began in December 2006...

♦ Statement on Co-operative Bank enforcement investigation
The Financial Conduct Authority (FCA) has confirmed it will be undertaking enforcement investigations into events at the Co-operative Bank. The investigation will look at the decisions and events up to June 2013...

♦ Further Universal Credit Roll Out (CCR-PS pg6; APP)

♦ FCA issues notice against Hartmann Capital - client assets

♦ Signs of UK business growth hit record highs, says R3

♦ More Women Using Ombudsman Service (CCR World pg7; APP)

♦ Consumer law proposals may fail to adequately protect consumers, warn MPs

♦ "Economic recovery still to have impact on personal finances"

♦ Barnet Under Fire For Payment (CCR-PS pg8; FREE APP)

♦ New Director General for CIVEA as civil enforcement enters new era

♦ ICM and BIS monthly cashflow ‘tip’ to small businesses

♦ Fraud Cases Detected Are Down (CCR-PS pg8; FREE APP)

♦ The January edition of the Information Commissioner's Office e-newsletter

♦ Administrators sell Whitworth Hall Hotel saving 40 jobs

♦ ICO warns about the need for caution when downloading mobile apps

♦ Mutuals perform strongly in November 2013

♦ 2014 - A year for rebuilding trust

♦ BBA response to BoE credit conditions survey

♦ Economic survey: Businesses ready to push on but more finance needed

♦ New Chairman of the Asset Based Finance Association

This Week's Appointments And Updates

♦ Lovetts' online claim calculator puts businesses in the picture

♦ CMC’s system chosen for Phillips & Cohen Associates’ estate management portal

♦ CSA’s second annual members’ meeting to take place in February 2014

♦ Harrisons Outgrows its Reading Premises

♦ New responsive MBNA website makes life easier for consumers

♦ Capability of credit capacity score from FICO/Equifax to spur lending growth

♦ ACF Car Finance joins elite RAC network

♦ BrightPay supports the "Fix Crumlin Children's Hospital" campaign

♦ Regentsmead teams up Judas Priest’s KK Downing and championship golfer

♦ MBNA launches balance transfer calculator

♦ Amigo Loans chooses City Lifeline's London data centre to back up

♦ SIX Payment Services processes 1.195bn card payment transactions in 2013

♦ Consumers worldwide want more banking via smartphones,  FICO survey finds  

♦ UK SMEs access £100m of funding through Marketinvoice

CCR Apps

CCR has launched Apps for its three magazines. So, to read the magazines on youriPad or iPhone, either go to this link to see the official iTunes Preview for CCR.