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Consumer finance providers
The challenges in consumer finance
The sector is currently experiencing the most comprehensive regulatory regimes ever relating to consumer finance, and the degree of regulation from the UK FSA, OFT and also Europe continues to increase. The cost of operation and the potential risks of fines from regulatory authorities is increasing at an extraordinary rate.
Given the mature nature of the UK market, the challenge of creating a growing income stream from a sustainable market share becomes increasingly difficult as the need to produce innovative stand-out products increases. These pressures clearly work against each other and mean that any product provider needs to be on top of their regulatory game to be able to focus on providing innovative products in today's market.
How we can help
Eversheds has one of the largest teams focusing on consumer finance and is recognised as a leading firm in Chambers Guide to the UK Legal Profession. Why – because we focus on the consumer finance market in depth and therefore are on top of the regulatory issues. This means not only can we ensure regulatory compliance but can help you build products that will provide competitive advantage.
With our proven commercial approach we are able to link product providers to channels to market providers in a way that allows both to realise their long term commercial needs in an innovative and compliant fashion.
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