CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow PRA Group (UK) Receives Full Authorization from the Financial Conduct Authority
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
PRA Group (UK) Receives Full Authorization from the Financial Conduct Authority PDF Print E-mail
Friday, 23 September 2016
PRA Group, Inc. (Nasdaq:PRAA), a global leader in acquiring and collecting nonperforming loans, today announced its UK business has received full authorization from the Financial Conduct Authority (FCA), which covers all credit and lending operations and includes permissions for debt collection and debt administration in the United Kingdom.

The FCA is the conduct regulator for 56,000 financial services firms in the UK and the prudential regulator for over 24,000 of those firms to ensure they meet the rigorous standards set forth by the agency.

“For over 20 years we have built an ethical company focused on treating customers with respect and fairness. Additionally, we provide our banks a partner who has a high degree of operating expertise, compliance and reliability,” said Steve Fredrickson, chairman and chief executive officer, PRA Group. “Receiving full authorization from the FCA is a testament to this ongoing commitment.”

Added Tiku Patel, CEO of PRA Group Europe: “The FCA approval process requires very high standards of conduct and customer treatment and we are delighted to have received full authorization. Delivering fair customer outcomes is at the heart of our business and we are focused on continuing to improve our customer engagement in the future.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197