News - Page 5
Car loan providers must prioritise clear commission disclosure since court ruling, say experts
Clear, upfront disclosure of commission to ensure informed consent will be critical for providers of motor finance following last week’s shock Court of Appeal decision which saw several major industry names suspend lending in order to take stock of the implications of the ruling.
Hendy Group launches ‘Hendy Buy Any Car’ service to simplify used car selling
Hendy Group has launched "Hendy Buy Any Car," a car-buying service aimed at providing a straightforward, user-friendly platform for people across southern England to sell their used vehicles at a fair market value.
Record surge in service and repair complaints as motorists turn to ombudsman amid rising costs
The Motor Ombudsman’s latest quarterly report reveals a record increase in service and repair complaints from consumers, reflecting growing awareness of consumer rights and the economic pressures that are prompting many motorists to seek dispute resolution.
Close Brothers shares hit as car loans commissions ruling spooks investors
Shares in Close Brothers have taken a sharp hit in the wake of a landmark ruling by the Court of Appeal, which determined that motor finance brokers must provide full disclosure on commissions when arranging car loans.