Sub prime credit in Europe - how price caps and other regulation drive market size
My new research for Apex Insight shows the very different non/sub-prime credit markets across continental Europe, building on our existing annual study of the UK market.
This is a market driven by one key factor: regulation. Its forms vary considerably with different types of price caps or other controls on lending, but the end result is that the European market is dominated by countries where controls are relatively light for now.
The study includes short profiles of leading players in the European market, many of which operate either in most of the key markets or at a European geographical region level.
See Apex Insight's website here for more details.
Is it time for Buy Now Pay Later to be regulated?
Maybe it already is
It's unusual now for a week to go past without reports in the national press about campaigners calling for the Buy Now Pay Later sector to become FCA regulated. Around 70 MPs supported a proposed amendment to the Financial Services Bill to force the Treasury to widen the FCA's remit to capture the product - unsuccessfully, but showing the momentum for change is there.
But is it right to say the sector is outside of the regulatory perimeter today? Asset Finance Policy's new paper sets out the case for why this sector is already caught by FCA regulation, building on my earlier blog. If confirmed, the implications for BNPL lenders, retailers and consumers are significant.
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New report profiles key players in consumer credit debt market
In recent years, two parts of the consumer debt purchase and debt collection market have diverged: collection of consumer credit, and collection of other types of consumer debt. Apex Insight's new report, with analysis from AFP's Julian Rose, focuses on the growing consumer credit side, identifying the leading firms in this highly regulated business.
The study includes profiles of the debt firms specialising in this sector, including Intrum, Arrow Global (Capquest), Cabot Credit Management (Wescot), Hoist Finance UK (Robinson Way), Paragon Bank (Idem Capital), Link Financial, GFKL Lowell, Max Recovery, Lantern, PRA Group, Arvato Financial Services, BPO Collections, Credit Resource Solutions (CRS), Debt Managers, Drydens (Drydens Fairfax), Moriarty Law, Perch Group (ACI), JC International (Creditlink Account Recovery Solutions), PRAC Financial, ResolveCall, SLL Capital and Moorcroft.
Based on consumer credit forums and other sources, the report also maps the debt firms to the sellers, identifying the types of consumer credit debt that different purchasers are focused on.
Click here to request details from Apex Insight
Retail Point of Sale Finance 2021
In addition to most large retailers in retail sectors including furniture, leisure and jewellery, around 10,000 independent retailers, including online-only stores, currently offer POS finance. POS solutions are also becoming increasingly popular in service sectors including travel, home improvements and medical.
Apex Insight's latest annual review , with analysis from AFP's Julian Rose, identifies the latest trends and continues to track POS solutions offered by many of the largest retailers.
The report covers firms including Barclays Partner Finance, BNP Paribas (Creation), Hitachi Capital, Ikano Bank, PayPal Credit, Home Retail Group, Shop Direct (Argos), Deko (Pay4Later), V12, Klarna, Divido, Conister Bank, Honeycomb, Lending Works, Omni and Paybreak.
Click here for details from Apex Insight
UK Non-Prime Consumer Finance market
Apex Insight's report, Non-Prime Consumer Credit: UK Market Insight, with analysis from AFP's Julian Rose, provides a detailed view of the UK market for consumer credit agreements with average fixed interest rates over 30% per year. It covers sectors including guarantor finance, high cost short term credit (payday lending), home-collected credit, instalment credit, motor finance, credit card and other revolving loans, pawnbroking, logbook loans and rent-to-own. New edition published November 2021
Click here to request details from Apex Insight
Used Car Retail Finance
