We consider the problem of fermions interacting with gapless long-wavelength collective bosonic modes. The theory describes, among other cases, a ferromagnetic quantum-critical point (QCP) and a QCP towards nematic ordering. We construct a controllable expansion at the QCP in two steps: we first create a new, non Fermi-liquid ``zero-order’’ Eliashberg-type theory, and then demonstrate that the residual interaction effects are small. We prove that this approach is justified under two conditions: the interaction should be smaller than the fermionic bandwidth, and either the band mass should be much smaller than , or the number of fermionic flavors should be large. For an SU(2) symmetric ferromagnetic QCP, we find that the Eliashberg theory itself includes a set of singular renormalizations which can be understood as a consequence of an effective long-range dynamic interaction between quasi-particles, generated by the Landau damping term. These singular renormalizations give rise to a negative non-analytic correction to the static spin susceptibility, and destroy a ferromagnetic QCP. We demonstrate that this effect can be understood in the framework of the theory of quantum criticality. We also show that the non-analytic correction to the bosonic propagator is specific to the SU(2) symmetric case. For systems with a scalar order parameter, the contributions from individual diagrams cancel out in the full expression of the susceptibility, and the QCP remains stable.

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