Website launched to regulate IVA industry

IVA.com aims to informally regulate the IVA industry by allowing feedback to be posted on IVA companies and insolvency practitioners, thereby increasing competition and improving quality. It follows concerns raised by the British Bankers’ Association (BBA) in December 2006, which called for steps to be taken to ensure consumers are getting the best advice, stop the mis-selling of IVAs by certain providers and reduce fees. An IVA.com spokesperson says: “We at IVA.com believe that the key to workable regulation in the debt solutions industry is transparency. By making industry-wide custome...