Setting the 2024 agenda at Asset Finance Connect’s Autumn Conference
At the latest of Asset Finance Connect’s highly insightful industry conferences last week, a wide range of policy-related topics formed a...
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The end of regulated business finance?
Many business finance firms, probably the majority, have already left the regulated market (loans to unincorporated businesses that do...
New data on use of CBILs by asset finance lenders
Yesterday the Government published detailed figures on the performance of loans issued under the COVID-19 loan guarantee schemes,...
Why the Collective Action against used car finance companies should fail
In case you missed it over the August holidays, the first significant legal case against motor finance providers over commissions has...
Six more FCA compliance tips for asset finance brokers
Monday marks the start of the FCA Consumer Duty regulation. Having helped around 20 smaller broking firms to prepare for it (taking the...
What does the 2023 Asset Finance 50 report tell us about the state of the market?
Those who can remember studying economics at school, or anyone with a more recent interest in the subject, will be aware that markets can...
Regulation is limiting finance for small businesses. The solution may not be the obvious one.
Over the last few weeks, I’ve been helping asset finance brokers to finalise their implementation of the Financial Conduct Authority’s...
Brokers waiting for Consumer Duty
Over the next few days, many asset finance brokers will be busy reviewing materials sent by funders, as we approach the deadline for the...
Six actions to help asset finance brokers look on the bright side of Consumer Duty
Regulated asset finance brokers are unlikely to have missed the fact that they are required to implement the FCA’s new Consumer Duty...
Smarter regulation in 2023: Consumer Duty works, FRED 82 doesn't
As we enter 2023, the UK leasing industry is just gearing up for its essential role in supporting a post-Covid recovery in business...
Bounce Back Loan fraud rates fall again
In previous posts in October 2020 and January this year, I have queried the fraud and loss rates on Bounce Back Loans. Today, the...
What to make of the FCA's collections and recoveries review
On 12 July, the FCA published findings from its review assessing how retail banks treat their SME customers who are in collections and...
The time is right for ‘switchable’ capital allowances for leasing
In an unusually wide-ranging consultation, the government is seeking views on possible reforms to tax capital allowances, the system by...
Why Bounce Back Loan Scheme loss estimates are still likely to be too high
In October 2020, my blog - The tale of how the British Business Bank forced Rishi Sunak to launch the Bounce Back Loans Scheme -...
Postcode sector analysis could provide rapid assurance on the risks of further multi-financing fraud
In November, I suggested a need for the 'asset register that isn't an asset register' in my blog here (and see LinkedIn comments here)....
New year special for asset finance brokers: Save up to 77% on annual FCA fees - only one small catch
In August last year, my blog Psst! Asset finance brokers, do you want a 50% discount on FCA fees? Just do a bit less work... reported how...
The time has come for the asset register that isn’t an asset register
For decades, the leasing industry has been continually exposed to fraud by the lack of a national equipment asset register. Although...
It’s time to rethink asset finance broker FCA compliance reviews
Over the summer, many asset finance brokers have received one or more thuds on their doorsteps - or the email equivalent - being annual...
Psst! Asset finance brokers, do you want a 50% discount on FCA fees? Just do a bit less work...
Since July, most asset finance brokers who have been paying the minimum annual FCA fees of around £600 (including various extras) have...
Disclosing the amount of commission – what is means for asset finance brokers
Hot on the heels of changes to FCA rules affecting the use of Difference in Charges commission models (see my previous articles), a...
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