The buy now pay later sector in the UAE is growing rapidly. Banks have entered the market and many BNPL providers are forming strategic partnerships to extend their reach. Chris Laverty looks at the importance of building resilience to ensure firms are well placed to manage any challenges this increased competition may bring.
Report
The UK consumer credit sector: Market update – April 2024

To keep you abreast of developments in the consumer credit sector, Chris Laverty and Jarred Erceg share our latest report; including a market update and an outlook for the rest of 2024.
Contents
Our April report explains developments in BNPL and shares an in-depth analysis of what the FCA review into historical motor finance discretionary commission arrangements mean for firms. With the potential for an industry-wide consumer redress scheme, we also include practical advice for motor finance firms that may be impacted by the FCA's review and highlight what they should be considering now.
You'll also find an update on key regulatory developments for the sector in 2024.
The UK consumer credit sector report
To find out how our restructuring services can help you, get in touch with our team.
![]()
Authors
-
Chris Laverty I am a senior restructuring practitioner working with both public and private boards, lenders/funders to advise and implement financial restructurings.View Profile -
Jarred Erceg I am a Partner in the UK Restructuring team and a qualified insolvency practitioner with over 15 years’ experience delivering restructuring advisory services in Australia and the UK.View Profile
Get in touch with our experts
Get the latest insights, events and guidance about financial services restructuring, straight to your inbox.
Read our related insights, reports and more
View more
Article
BNPL in the UAE: Competing, complying and securing growth
Article
Subprime lending: A cornerstone of financial inclusion
The size and shape of the subprime credit sector has changed considerably over the past decade, driven by a combination of regulatory reforms, shifting consumer behaviours, and economic pressure. But these lenders are essential to providing access to credit among underserved groups and ensuring financial inclusion. Jarred Erceg looks the challenges currently faced by firms.
Article
New York’s BNPL Act: New rules, new risks for US lenders
New York is the first US state to regulate buy now pay later (BNPL), introducing a licensing regime that could reshape the sector. Chris Laverty looks at how the new rules could impact business models and what lenders in the US can do to stay compliant and competitive.