FCA to ban car dealer's discretionary finance commission
The Financial Conduct Authority (FCA) has opened a consultation in a bid to ban car retailers’ discretionary finance commission model –...
Used car finance led the market recovery in June, reports FLA
The Finance and Leasing Association (FLA) has said that the consumer used car finance sector’s 9% growth by value and 2% by volume drove...
Insurance Distribution Directive - CPD training - Are you ready?
Under the Insurance Distribution Directive which came into force on the 1st October 2018, any sales staff and anyone else involved in...
PPI lawyers ready to react to FCA’s verdict on PCP car finance
Lawyers who led large-scale PPI mis-selling claims are poised to turn their attention on PCPs following the conclusion of the Financial...
Car buyers’ lack of finance understanding presents ‘high potential for mis-selling’
Car buyers’ lack of awareness about car dealers’ obligations when selling finance products suggests a “high potential for mis-selling of...
Most consumers don't know car dealers' obligations when selling finance and insurance produc
The majority of motorists don’t know that dealers’ sales staff should discuss their financial details when buying a car in finance. A...
‘Transparent and responsible lending’ central to FCA motor finance investigation
The Financial Conduct Authority has re-stated its intention to focus on transparency, affordability and car dealers' comission...
Staff incentives, remuneration and performance management in consumer credit firms
In July 2017, the FCA consulted on non-handbook guidance in consultation GC17/6. The consultation sought views on guidance to assist...
FCA to continue investigation into motor finance sector
The Financial Conduct Authority has said that it will continue investigations into the “risk of harm” posed by motor finance, with its...
Franchised dealers defend PCP car finance deals from media attacks
PCPs (personal contract purchases) and consumer car finance in general have come under attack in recent months as the national press...
