Consumer Credit Broker Support
UKGI has been supporting consumer credit brokers with their regulatory compliance since 2014, when the responsibility for this regulation moved away from the Office of Fair Trading to the Financial Conduct Authority.
Helping consumer credit brokers with regulatory compliance
Our main area of focus in this sector historically has been on helping consumer credit brokers with their regulatory application and approval, although this has increasingly broadened out to a wider range of ongoing compliance support. Our team understands in detail how the regulations impact consumer credit brokers. This means we can help them build compliance into their business from day one, and then manage the evolution of their regulatory framework as the rules change over time.
The scope of our support for both start-ups and established consumer credit brokers, regardless of size and location, includes:
- Extensive experience in helping brokers apply for regulatory authorisation of their firm or key individuals within it.
- Practical support and guidance on developing a robust compliance culture and infrastructure across sales, administration, debt solutions and arrears management.
- Expertise across a wide range of regulated activities, including credit broking, credit lending, consumer hire, debt adjusting, debt administration and debt collection.
- Specialist advice on facilities such as insurance premium finance, purchase finance for products like motor vehicles and white goods, leasing, hire, personal and business contracts, as well as financial management and credit scoring tools.
Whatever part of the consumer credit broking sector you operate in, we can provide in depth expertise and service tailored to your business requirements and regulatory needs. This can be through one-off support, such as at launch, or via an ongoing relationship where we can help your business develop and grow with an appropriate regulatory framework.
“We have found UKGI to be an invaluable stakeholder in Wrisk. Their technical expertise, their responsiveness, and their cultural tone of voice work really for us. Unreservedly recommend them”
“Crixus Insurance Brokers have worked with UKGI for approximately three years now and we have been more than happy with their professionalism and knowledge on all compliance matters – their team is always friendly and keen to assist.”