The Court of Appeal judgement on motor finance is one more step on a long journey
A commentary on the Court of Appeal judgement on motor finance
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'All the gear and no idea' on handling vulnerable customers? The FCA's Final Notice on Volkswagen Financial Services
Today’s FCA Final Notice to Volkswagen Financial Services (UK) Limited leaves little doubt that VWFS made some major errors in its collectio
Reading between the lines of the FCA's update on motor finance commissions complaints
Understanding the FCA's update on its work on the motor finance market in relation to commission complaints
What’s to like about the UK General Election party manifestos (with an asset and consumer finance bent)
©House of Commons Fed up with the negative coverage of the political parties battling it out for seats in the House of Commons? It’s...
How Peloton's new rental scheme could provide clues to the future of business leasing.
In May Peloton launched a new rental scheme in the UK. Possibly more out of necessity than choice, it is a bold and innovative leasing model
Could the FCA's bark be worse than its bite on motor finance commissions?
This article was published by Asset Finance International on 19 February 2024. For comments from readers please see LinkedIn here....
Why Difference in Charges (usually) works well for consumers – A summary
In various previous articles, I have covered why Difference in Charges (DiC) commissions should, in general, be in customers’ interests....
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...
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...
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