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February Update

February 2014

123 Debt Solutions gears up for the Financial Conduct Authority

On April 1st 2014 the Financial Conduct Authority replaces the Office of Fair Trading as the industry regulator. What they are promising is a fairer deal for the customer, and stricter monitoring and regulation of the consumer credit industries, which also includes Payday lenders and debt collection agencies. At this stage, we do not know much about the specific rules that the FCA will look to implement, however, this will become clearer over the next month or so.

Senior staff complete and pass the second round of DRF exams

Three senior members of staff, including two directors, have sat and passed (with flying colours) the second module of the Debt Resolution's Cert DR exam. With only one more module remaining, scheduled for June, it will not be long before we have three fully qualified Cert DR recognised staff.


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New Year, same excellent service! >

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