Portfolio

Portfolio Credit Control
Month: January 2015

Posted

What to look for in an interim credit control officer

Companies from all kinds of sectors hire temporary staff for busy periods like Easter and Christmas. Organisations which deal with money and the timely payment of it need to remain particularly attentive, which is why they seek expert help during busy times. However, one of the problems with hiring temporary staff is that you can … Continued

Read More

Posted

Rules for credit brokers further tightened

The Financial Conduct Authority (FCA) has announced new rules for credit brokers, which will come into play on 2nd Janurary 2015 – the same day the FCA's new payday loan caps are officially introduced. The notification, posted on the FCA website, began: "We have significant concerns about the practices of some credit brokers who charge … Continued

Read More

Posted

FCA fines RBS, NatWest and Ulster Bank

The Financial Conduct Authority (FCA) has presented the Royal Bank of Scotland, the National Westminster Bank and Ulster Bank with fines amounting to £42 million collectively. What did the banks do wrong? These charges, which were announced late last month, are essentially punishment for an IT failure that occurred in summer 2012 – when a … Continued

Read More

Posted

RBS faces record FCA fine

The Financial Conduct Authority (FCA) has announced that it intends to fine the Royal Bank of Scotland (RBS) tens of millions of pounds for an IT failure that occurred two years ago. In June 2012, RBS customers suffered as a result of a glitch in a software update. The bank's payment-processing system was corrupted, and … Continued

Read More

Posted

How a great credit control analyst benefits business

Credit analysts can be found in all kinds of organisations and sectors. Essentially their primary role is to assess the 'credit worthiness' of clients – in other words, they evaluate the client's ability to make payments for products and services on time. Credit analysts ascertain whether or not working with a particular client poses any … Continued

Read More