Posts Tagged ‘consumer credit’
Feature: Assessing the rise of BNPL in the UK as regulation looms
As the UK’s buy now, pay later sector continues to grow and readies for regulation, are concerns about consumer demand in a cost-of-living crisis justified, or is it experiencing growing pains?
Read MoreDebt detection app SuperFi to ‘harness power’ of VRPs via TrueLayer
By teaming up with TrueLayer, SuperFi’s users will have a “more reliable approach” to repaying debt, as UK households struggle with the rising cost of living.
Read MoreZilch extends Series C by $50m to fund US growth
The BNPL unicorn has raised $460 million in debt and equity to date.
Read MoreUK Government to modernise Consumer Credit Act
HM Treasury plans to reform the Act to ensure it “fosters innovation but also maintains high levels of consumer protection”.
Read MoreJohn Lewis chooses NewDay for rewards card relaunch
Previously, HSBC UK has been the credit provider for the John Lewis ‘Partnership Card’.
Read MoreYapily forms partnership with Yonder to help ‘credit invisibles’
The Open Banking platform and credit card startup have teamed up to bring “fairness and equality” to the credit industry.
Read MoreInsight: The role of Open Banking in a polarised UK economy
TransUnion’s senior director of Open Banking in the UK, Nino Ocampo, writes about how lenders can use Open Banking to help consumers better navigate their post-pandemic finances
Read MoreUK Government launches consultation on BNPL regulation
The consultation, which closes on 6 January 2022, is seeking views on the potential scope of regulation to ensure ‘proportionate approach’ is taken.
Read MoreKeebo chooses YTS to improve credit card management
The partnership sees Keebo, which is the only credit card provider approved by the FCA to use Open Banking, ‘seamlessly’ integrate YTS technology.
Read MoreRevolut unveils earned wage access product Payday
The new feature will allow employees to withdraw a percentage of their income during the month and is intended to end dependence on short-term high-cost credit.
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