The UK government has announced new rules to regulate the Buy Now, Pay Later (BNPL) sector, ending what it calls the “Wild West” of unregulated lending. Key takeaways: 🔹 Affordability checks will be mandatory to protect consumers from unsustainable debt. 🔹 Lenders must be FCA-approved, ensuring fair treatment and transparency. 🔹 BNPL ads must be clear & balanced, avoiding…
Quadrin Group are delighted to sponsor at the 2024 Global ABS Conference in Barcelona! We are looking forward to being back in Barcelona for this years event and catching up with some new and familiar faces. If you are also attending, please get in touch with Suleman Baig and Gus Pastras who would be more…
Quadrin are a valued partner to many Investment Banking and Private Equity clients when they are investing and lending into the bridging sector, with the broadest network of relationships in the market. Our Head of Business Development, Gus Pastras, spoke to Bridging Loan Directory about what makes the sector unique, and how Quadrin are at the…
Quadrin Group are excited to sponsor at 2023’s Global ABS Conference in Barcelona! We are looking forward to seeing some of our existing clients and industry colleagues and hoping to meet some new faces. If you are attending and wish to meet, please do get in touch.
BNPL lender Zilch has started reporting its 3 million customers’ borrowing data to UK credit bureaus, in a way that will impact credit scores of up to 3 million customers. Until now Zilch has had partnerships with individual credit bureaus like Experian, but has only used this data as part of its affordability assessments to perform “soft” credit checks…
Till now, BNPL (‘buy now pay later’) methods of payment have been offered across many leading retailers, garnering popularity within the beauty and fashion industry. Some of the biggest players in this space – like Klarna and Zilch – have ventured slightly further from this in the recent weeks, as they begin to promote their…
The UK government faces growing pressure to toughen the rules on lenders charging a majority of customers higher interest rates than originally advertised. As outlined by the FCA, banks and other regulated lenders must offer rates as advertised, to at least 51% of their borrowers. This measure is intended to prevent people from accepting ‘attractive’…
ESG performance is becoming an increasingly vital component for the financial performance of assets within the UK commercial real estate sector. More and more real estate investors and owners recognise that they will see the value of their assets decline if they do not make the transition to net zero. According to one study, over…
The Financial Conduct Authority is introducing greater protections for retail clients by introducing a new consumer duty principle, aimed for firms providing and advising on products and services. In turn, this will increase the responsibility of firms to ensure consumers are provided with the products and services that are best fit for purpose and represent fair value. Firms are…
Proposed changes to responsible lending regulations hit the Australian federal Senate the week before last. Since the 2008 – 2009 Global Financial Crisis, Financial regulation and responsible lending laws have been largely combative, with inflamed tensions between bankers and lawyers. The reforms were first announced in September 2020, in the hopes of boosting Australia’s credit…