Welcome to Industry Minute
At Callcredit we understand how external changes such as
regulatory affairs increase business pressures on the credit
industry and for those engaged in tackling financial crime. We aim
to keep an eye on the future and incorporate what we see into our
services to benefit our customers.
The Industry Relations team believe it would be helpful to also
share information and insight with you - so that's what Industry
Minute is here to do.
05 August 2011In 2009 the previous government recognised the need to tackle the ability to commit electoral fraud, and introduced provisions for Individual Electoral Registration. There was cross-party support for the general concept.
Following the change in Government, a White Paper has been published containing proposals to refine and implement the new system, including draft legislation.
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19 July 2011BIS issued a Call for Evidence in October 2010 to gather views on how consumer credit and personal insolvency might benefit from further reform.
A Written Ministerial Statement has been published today alongside a summary of responses on consumer credit and a formal response on personal insolvency.
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17 March 2011A draft updated version of the Debt Collection guidance has now been issued for consultation by the OFT.
Probably the most significant change is a new emphasis on passing on sufficient and accurate data, including in the event of debt sale, and to credit reference agencies.
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07 March 2011Much publicity (understandably) was given last week to the ruling of the European Court of Justice that insurance providers will not be able to use gender in risk assessment as from December 2012.
Credit and insurance providers will therefore welcome the publication last week of a new consultation which confirms the Government’s ongoing intention to exempt financial services, where appropriate, from the ban on age discrimination.
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15 October 2010BIS has issued its initial Call for Evidence, “Managing Borrowing and Dealing with Debt” to gather views and consider how consumer credit and personal insolvency could be further reformed.
The Coalition Agreement previously set out commitments on reforming the regulation of financial services and stopping unsustainable lending. These are presented for feedback alongside other ideas.
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