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Summary
In this podcast episode, Paul Sweeney, Co-Founder and Chief Strategy Officer at Webroot, and Cormac O'Neill, CEO and Co-Founder, discuss recent news stories and trends in the credit industry. They cover topics such as discretionary commission arrangements, the pausing of guaranteed asset protection insurance sales, Barclays taking over Tesco Bank, buy now pay later companies, card processing fees, embedded finance opportunities for payment providers, the high number of cardholder disputes, and the rise of marketplaces in global e-commerce sales.
Key Points
Discretionary commission arrangements (DCAs) where brokers increase their own level of commission by altering the interest on products or services sold have resulted in numerous complaints.
The Financial Conduct Authority found that only 6% of premiums paid in guaranteed asset protection insurance claims were ever paid out, leading to a pause in its sales.
Barclays' takeover of Te...
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