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Cliff Bunting

Director
PurplePatch Broking Ltd
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Followed by John Sims, Martha Boyle and 5 others you follow
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Cliff Bunting

Don’t wait 2–3 years: why bureau contracts need attention now

The FCA’s Credit Information Market Study (December 2023) underlined a problem that has been familiar to lenders for some time: bureau data is inconsistent and, in many cases, difficult to defend. The regulator’s analysis showed that the same individual can be placed in very different credit score bands depending on which of the three main bureaux...

25 September 2025 /regulation /retail Banking

Cliff Bunting

BNPL regulation is coming: Are firms overpaying for affordability data?

From July 2026, Buy Now Pay Later (BNPL) providers will fall under full FCA oversight. Most firms are already working on tightening their controls. But a larger issue is at risk of being overlooked. Preparing for regulation often leads to increased data purchasing. Yet many BNPL providers may not realise just how much they’re already overpaying, s...

09 September 2025 /payments /retail Banking and Lending Solutions

Cliff Bunting

FCA's revamped returns put pressure on bureaux and the credit providers they serve.

In May 2025, the FCA introduced PS25/3, a new regulatory return for firms with permissions for credit broking, debt counselling, and credit information services. It replaces the returns process introduced in 2014, which the regulator had concluded was no longer delivering the level of clarity needed to monitor risk in the market. The updated retu...

04 August 2025 /regulation /retail Banking

Cliff Bunting

The Bureau billing errors costing firms millions

What if the rates you're paying for bureau data aren’t just high, but inaccurate? Over the past five years, many credit bureaux have upgraded their billing systems. But these upgrades have inadvertently revealed a deeper issue: long-standing billing errors that often go unnoticed, particularly within complex tiered pricing agreements. In many cas

03 July 2025 /regulation /retail Banking

Cliff Bunting

Bureau benchmarking for better decisions: Improve governance and meet regulatory expectations

Benchmarking is often associated with cost control. And for good reason — many firms uncover significant pricing variation in their bureau contracts, even when services appear identical. But the value of benchmarking doesn’t stop at commercial savings. It can reveal where your current data configuration might be introducing risk: from outdated inp...

26 June 2025 /regulation /retail Banking

Cliff writes about

  • payments
  • regulation & compliance
  • retail banking

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