‘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...
Car finance threats highlighted as inflation reaches five-year high
Threats to car finance firms and demand for new and used cars have been highlighted once again after the Governor of the bank of England...
Brace yourself for FCA investigation car dealers warned
The automotive retail sector should brace itself for a Financial Conduct Authority (FCA) investigation with at least one dealership group...
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...
Undercover reporters flag-up dealer finance sales flaws
Car retailers have come under fire for their approach to finance sales after undercover newspaper reporters found sales executives were...
Important FCA action ‘does not harm’ vehicle sales, says NFDA
FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm...
FCA's final notices to dealers signify the first of many in 'new era of finance regulation&#
Five final notices issued by the Financial Conduct Authority to dealers this month could be the “first of many”, warns iVendi. James Tew...
FCA regulations prove a boost for GAP
A year after their introduction, rules on the sale of GAP have boosted product sales and focused consumer minds on quality and not price....
