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...
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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...
Where’s the RegTech now we need it?
It’s been a significant week for regulated consumer and business lending regulation in the UK, with three key developments: The Times...
There's a better way to regulate Buy Now Pay Later
This week’s ‘Response to consultation’ paper from HM Treasury sets out the Government’s plans for regulation of Buy Now Pay Later finance....
Fintech Buy Now Pay Later has a great future as old-fashioned consumer credit
With last week’s news that Klarna is cutting 10% of its global workforce, and valuations of listed fintech Buy Now Pay Later companies...
Fair loans for vulnerable borrowers: It’s time to call in the accountants
The Times reported on Monday that the Financial Conduct Authority is looking at ways of encouraging firms to lend to the most vulnerable...
Three predictions for the UK’s Buy Now Pay Later Regulation
In February, the Financial Conduct Authority’s Woolard Review identified an ‘urgent need to regulate all’ Buy Now Pay Later (BNPL)...
Is Provident Financial following NewDay into Buy Now Pay Later retail finance?
In its letter to Provident last week concerning the Scheme of Arrangement by which customers of the Group’s home credit and online loans...
Understanding Barclays: How can Amazon consumer credit fit better than asset finance?
As part of its Q1 results announcements last week, Barclays announced a deal to offer credit to Amazon customers in the UK, building on...
Provident's new FCA investigation points to the weakest link in affordability analysis
Yesterday's trading update from Provident, that led to a 28% fall in its stock price by the market close, was remarkable not so much for...
The Woolard Review has got it wrong: We need smarter, not more, regulation of retail finance
Today’s Woolard Review of change and innovation in the unsecured credit market has got it wrong on Buy Now Pay Later and the wider Retail...
Does the Barclays Final Notice provide new insights into the FCA’s views on collections?
The Final Notice issued this week by the FCA, imposing fines on Barclays for failings in showing forbearance and due consideration to...
How Australia’s plans to tear up responsible lending rulebook could protect consumers
In September, the Australian government announced plans to ‘simplify’ responsible lending laws, that it described as ‘overly...
Why BNPL might not always be unregulated
As I've noted in an earlier blog, Buy Now Pay Later (BNPL), the short-term variant of retail point of sale finance, has been growing at a...
Tips for retailers thinking about renting and leasing for the sharing economy
In the past week, both John Lewis and Selfridges have announced new rental schemes, apparently intended to signal the retailers’ shift...
Can lenders trust what customers tell them when assessing affordability?
One of the trickiest parts of consumer lending now is assessing the affordability of the loan for the consumer. In an excellent detailed...
What's new in the FCA's Re-lending by High-Cost Lenders report?
Today the FCA has published the findings from its review of re-lending by firms in what it calls the 'high-cost lenders portfolio'. A lot...
Time for Buy Now Pay Later sector to self-regulate
Why AFP believes the time is right for the Buy Now Pay Later sector to implement effective self-regulation
Are retailers sold on subsidised POS Retail Finance?
The standard arguments in favour of Point of Sale (POS) retail finance are familiar: Higher sales and bigger purchases. New research...
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