September 18, 2024
Finance

Consumer Finance Monitor Podcast Episode: The CFPB’s Registry of Nonbanks and Circular that Certain Contract Terms Violate Law | Ballard Spahr LLP

The CFPB recently issued yet another final rule the agency says will help deter violations of consumer protection laws. This rule requires certain nonbank entities to register with the CFPB upon becoming subject to any order from local, state, or federal agencies or courts involving consumer protection law violations. The registry rule applies to any

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Finance

Wells Fargo: Financing the Transition to Sustainability

“However, we know that we cannot facilitate this transition alone.  “The complex solutions needed require action from governments, businesses, communities and individuals – it will also require policy measures, technological advancements and behavioural changes.” How Wells Fargo is tackling climate issues To support its goals, Wells Fargo is focussed on collaborating with stakeholders to support

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Finance

An update on the growing financial crisis affecting West Lothian Council has been published.

It includes an update on budget pressures, progress being made with the delivery of approved budget savings and projected expenditure over the next three years. The funding provided to the council is insufficient to meet the costs of an increasing demand for services and rising costs. This results in a budget gap which the council

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Finance

Martyn Ziegler: Chelsea Facing Huge Pressure Over European Financial Regulations

Martyn Ziegler: Chelsea Facing Huge Pressure Over European Financial Regulations Chelsea FC are treading a precarious line as they navigate UEFA’s financial regulations, potentially facing significant hurdles that could impact their participation in European competitions. Financial Compliance: A Steep Path for Chelsea UEFA’s financial rules have long been a thorn in the side for many

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Finance

Spire Global Signs Waiver and Amendment to Financing Agreement with Blue Torch Capital

VIENNA, Va., August 29, 2024–(BUSINESS WIRE)–On August 27, 2024, Spire Global, Inc. (NYSE: SPIR) (“Spire” or the “Company”) entered into a waiver and amendment to its current financing agreement with Blue Torch Capital. The waiver and amendment: waives events of default under the financing agreement arising out of the maximum debt to EBITDA leverage ratio

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Finance

Oracle Car Finance raises £50,000 for hospice

Oracle Car Finance, has raised over £50,000 for Martin House Children’s Hospice Oracle, located in Knaresborough, has been supporting the Wetherby charity for two years, and confirms the extension of their corporate partnership for a third consecutive year. Marking the beginning of their third year as a charity partner, the North Yorkshire-based finance broker welcomed

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Finance

The top FTSE 100 winners and losers of 2024 so far

UK stocks have been unloved for some time, compared with the tech-heavy US markets. But could things be turning around for these out-of-favour investments? The FTSE 100 (^FTSE) is up 8% year-to-date, bolstered partly by a more stable political backdrop, as the Labour party won July’s general election with a landslide victory. And yet it

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Finance

Credit card and car loan complaints surge as unhappy consumers seek redress

Surging numbers of complaints about financial products are coming from professional representatives rather than customers themselves according to the Financial Ombudsman Service (FOS) As complaints jumped 70 per cent between April and June, those coming from professional representatives including claims management companies, now account for around half of the complaints received by the Financial Ombudsman,

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Finance

More than one in three have not published corporate or finance peer challenge in last five years

The new Government this week came under pressure to take a stronger line on councils that put off having regular corporate or finance peer challenges. Analysis conducted by The MJ and sector expert Jack Shaw suggested more than one in three English councils have not published a corporate or finance peer challenge in the last

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Finance

New FOS data reveals 70% jump in financial complaints

Complaints about financial products have increased by 70% in the past 12 months when compared to the equivalent figure from last year, the Financial Ombudsman Service (FOS) has revealed today. According to the FOS, in the first quarter of this financial year (1 April – 30 June 2024), consumers raised 74,645 cases with the free

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