By Najiyya Budaly (November 1, 2021, 2:56 p.m. GMT) – Britain’s antitrust watchdog has said it will monitor NewDay Ltd. after finding that the credit provider violated payment protection insurance disclosure rules by failing to provide up to 27,000 clients with annual statements of their policies. The Autorité de la concurrence et des Marchés said […]
By Najiyya Budaly (November 1, 2021, 2:56 p.m. GMT) – Britain’s antitrust watchdog has said it will monitor NewDay Ltd. after finding that the credit provider violated payment protection insurance disclosure rules by failing to provide up to 27,000 clients with annual statements of their policies. The Autorité de la concurrence et des Marchés said […]
Under the National Credit Law, it is illegal for credit providers to keep consumer instruments such as identification documents (IDs) and bank cards when granting credit. It’s the operating mode adopted by some credit providers to enforce credit contracts with consumers, said Anne-Carien du Plooy, Acting Manager: Education and Communication at the National Credit Regulatory […]
NewDay, the consumer credit provider, has hired a quartet of banks to advise a London Stock Exchange listing that is expected to value it at over £ 2.5 billion. Sky News has learned that NewDay and its owners have appointed Bank of America, Morgan Stanley and Citi as joint global coordinators of an IPO that […]
X Sign up for free to receive the latest news straight to your inbox Register now Mortgage provider Morses Club said in a business update that despite the current Covid crisis, the group has had an “encouraging start for the [new financial] year ”with“ a constant increase in customer demand ”on all of its products, […]
Slice, a credit and payment startup aimed primarily at young professionals, has raised a cumulative debt of Rs 165 crore from 18 major financial institutions. This includes Northern Arc Capital Limited, Vivriti Capital Private Limited, AU Small Finance Bank, Incred Financial Services Limited, Pace Fincap Private Limited, Western Capital Advisors and Innoven Capital India. Of […]
UPDATE 10pm UK: Klarna shared her full response to the Woolard review, agreeing that “regulation has not kept pace with new products and changes in consumer behavior” and that she “fully supports[s] modernizing regulation and supervision “in the buy-now and late-payment industry. Klarna said Xbox All Access includes affordability control. ORIGINAL STORY 5 p.m. UK: […]
South Africa: Does your business need to register as a credit provider under the national credit law? 06 January 2021 Bentley Lawyers To print this article, simply register or connect to Mondaq.com. In this video, Brett Bentley explores the registration requirements for a business tobe required to register as a credit provider with regard to […]
Through Journalist Apr 6, 2020 Share this article: To shareTweeterTo shareTo shareTo shareE-mailTo share Before even considering a credit offer, whether it’s to pay off debt, buy your dream car, or buy your first home, there are a few questions you need to ask yourself and your potential credit provider. Finding answers to these questions, […]
MoneyTap, a consumer loan company, said on Tuesday it had secured Rs 500 crore in equity and debt financing, in a development it said will help the company build a loan portfolio of Rs 5,000 crore over the next 12-18 months. . The Series B stock cycle has been led by global funds such as […]