Germany: Bundestag votes for the centralisation of supervision of debt collection
Source: Surprisingly, the Bundestag votes unanimously for the centralisation of supervision of debt collection
On 9 February 2023, the Bundestag approved the draft law on the centralization of the supervision of legal services in second and third readings - and also unanimously.
Image of the Bundestag’s approval of the centralisation of supervision of debt collection
The law was then passed by the Bundestag. The second round of the Bundesrat is now on hold. Here, too, the consensus is considered secure. The law is then published in the Federal Gazette.
As planned, the supervision of debt collection companies will be transferred to the Federal Office of Justice (BfJ) in Bonn on 1 January 2025.
BDIU President Kirsten Pedd had already explicitly accepted this measure before the decision. " Strengthening supervision is a very necessary step, but delayed", he said. " This creates transparency and legal certainty for all those involved in the collection, including consumers, of course." The future supervisory authority is also well placed to achieve the objectives of this decision perfectly. " As a federal authority, the BfJ is well equipped financially, in terms of staff and organisation, so that the supervisory authority can finally be the authority to put an end to dubious actors."
The new midlife crisis
Germany: Bundestag votes for the centralisation of supervision of debt collection
Source: Surprisingly, the Bundestag votes unanimously for the centralisation of supervision of debt collection
On 9 February 2023, the Bundestag approved the draft law on the centralization of the supervision of legal services in second and third readings - and also unanimously.
Image of the Bundestag’s approval of the centralisation of supervision of debt collection
The law was then passed by the Bundestag. The second round of the Bundesrat is now on hold. Here, too, the consensus is considered secure. The law is then published in the Federal Gazette.
As planned, the supervision of debt collection companies will be transferred to the Federal Office of Justice (BfJ) in Bonn on 1 January 2025.
BDIU President Kirsten Pedd had already explicitly accepted this measure before the decision. " Strengthening supervision is a very necessary step, but delayed", he said. " This creates transparency and legal certainty for all those involved in the collection, including consumers, of course." The future supervisory authority is also well placed to achieve the objectives of this decision perfectly. " As a federal authority, the BfJ is well equipped financially, in terms of staff and organisation, so that the supervisory authority can finally be the authority to put an end to dubious actors."
The new midlife crisis
B2 Holding First Quarter
Source: The European debt buyer and servicer B2 Holding has published the results about the first quarter 2023.
Solid underlying collection performance:
• Unsecured collections at 104.8% and 4.0% up versus Q1 2022 (FX)
• Secured collections of NOK 289m – incl. repossessions of NOK 107m
• REO sales of NOK 75m at a premium to book value of 63%
– Strong Adj. EBIT growth following high over-performance on
unsecured and secured portfolios
– Portfolio investments of NOK 767m and additional NOK 1.1bn
committed for the remainder of 2023
– Increased interest costs driven by FX and higher floating rates
– Leverage ratio of 2.52x (2.29x in constant currency)
– Interest rate hedging ratio of 53
“The suggested dividend in combination with the suggested share buyback program confirms the financial strength of B2Holding.” has commented the Ceo Erik Just Johnsen
To download the Results Presentation Q1 2023 click <a href="https://www.b2holding.no/Investors/Events-and-presentations/Results-presentations">here</a>
The new midlife crisis
B2Holding_logo_liten
Source:
As Spotify declare that 42 is the age people start listening to chart music again, we examine the new rules of having a midlife crisis. How did we swap the Ferrari for Taylor Swift?
Wear it dry, and you’ve got your standard dusting of color—classic and predictable (in a good way). But wet! Wearing it wet opens a whole new world of opportunity. “What you’re doing is bringing out the pigmented nature of the shadow,” makeup artist Vincent Oquendo says. “Whenever I wet an eye shadow, it’s when I really want it to pop—but it really has to be a special kind of product to be able to blend after it sets. Because a lot of the times when it sets, you get streaking.” Nobody wants that. In order to avoid any wet shadow mishaps, follow these guidelines:
Product
First, go with the obvious: any eye shadow labeled wet-to-dry. The Nars Dual-Intensity line is the standout—the singles come in 12 different shimmery shades, and there’s a corresponding brush (then there’s the newly released Dual Intensity Blush line, which was all over Fashion Week—but that’s a product for another post). Burberry also makes a few very versatile shades specifically for this in their Wet & Dry Silk Shadows. And the technique-specific eye shadow category isn’t just a ploy to get you to buy more product. “You can’t just use any eye shadow for this,” Vincent says. “Certain ones will harden up on top and become unusable because they’re not made for this.”
Baked shadows are also fair game—we’re fans of Laura Mercier’s Baked Eye Colour Wet/Dry and Lorac’s Starry-Eyed Baked Eye Shadow Trio in particular.
For more advanced players, Vincent suggests moving on to straight pigment (MAC or even OCC’s Pure Cosmetic Pigments). With the added moisture, they’ll become easier to layer with other products. For a look with more depth, try using a cream shadow as a based before swiping with a wet powder shadow. “It’s like insurance,” Vincent says. “You’re doubling your wearability.”
Brush
This all depends on exactly what you want to do. “Mind the resistance,” Vincent says, particularly if you’re looking for uniform color across the lid. “I tend to recommend a blender brush, which is the brush that looks like a feather duster. If you do it with a stiff brush, you’re defeating yourself before you even start. The joy of a wet-to-dry is you have to get it right amount of product loaded up, and then it blends itself. If the brush is too stiff, it will leave the shadow streaky and then much harder to control.”
However, if tightlining or waterlining is in the cards, a much thinner brush is required accordingly.
Liquid
Do not, repeat, do not put eye drops, water, or any other sort of liquid directly on your eye shadow. This’ll screw up your product for later use. “Lately, I’ve been wetting the brush with the Glossier Soothing Face Mist, but Evian Mineral Water Spray is good for sensitive eyes,” Vincent says. If the top of your powder does get a little hardened by wet application, there’s a trick to remove it: Get a clean mascara spoolie and “exfoliate” your compact, Vincent recommends. This won’t crack the compact and will make it ready to go once more.