Remove 2018 10
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International Debt Recovery Report reveals trickiest countries to recover from

UK debt collections

Recovering debts from overseas has never been easy but a trade report produced by Trade insurers Allianz Trade sheds some light on those countries where risk of not getting monies back are highlighted. The score covers 49 countries representing nearly 90% of global GDP and 85% of global trade.

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Extra Energy supply Director hit with 6 year ban

UK debt collections

Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra Energy Supply, which supplied around 130,000 household and business customers at the point it went into administration in December 2018. Extra Energy Supplies Ltd ceased trading on 1 November 2018, leaving more than 100,000 customers without an energy supply.

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Scam Debt Collection Agency Owner receives lengthy Jail sentence

UK debt collections

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. Debt Collector Robert Thomas Cree from the North East of England was found guilty in Newcastle Crown Court of two counts of Fraudulent trading and one count of perverting the course of justice. This company was wound up in April 2018.

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Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

A few weeks ago, the company ( stock trading as ticker: GME) traded around lows of ~$19. By 2016, GameStop had owned and operated approximately 1,500 mobile-phone stores under the Spring Mobile name, and in 2018, had sold the whole mobile-phone business. Well, A Trading Euphoria Caused By ….

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Fake Insolvency Practitioner gets 15 year ban

UK debt collections

RKAL, which was established in 2015, presented itself as a turnaround or recovery service , and promised companies in financial difficulties that it would enable them to wipe their business debts and avoid formal insolvency proceedings, for a fee of between £5,000 and 10% of the failing company’s total liabilities.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 10, the Federal Trade Commission (FTC) announced it will send more than $115 million in refunds to consumers nationwide as a result of a 2018 action the FTC and the U.S. and Payward Trading Ltd. For more information, click here. For more information, click here. For more information, click here.

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Why expanding digital transformation initiatives are sparking a fintech revolution

On Guard

A steep rise from just under a third (31%) in 2018. With an increase of 10% of businesses recognising that data supports their processes (up from 28% in 2020 to 38% in 2021). Almost two-thirds (65%) of organisations have either already adopted the technology or worked out the first ideas for future adoption, up from half (51%) in 2018.