The Financial Conduct Authority's ‘treating customers fairly’ principle means big changes for car dealers' relationships with finance brokers.
The Finance & Leasing Association (FLA) expects year-on-year increases in loans from its members for retail purchases of new and used cars through dealerships to continue until the end of the year.
Videos are predicted to become an increasingly important sales tool on dealers’ websites alongside a wider range of products to increase F&I revenue.
GAP pricing transparency would be the biggest single advantage that the FCA could provide to help new and used car customers make more informed choices.
The Funding Corporation this month launches Inisium, a non-prime HP loan of up to £10,000 for buyers of used and, for the first time, new cars.
Automotive Compliance, the appointed representative (AR) network working within general insurance meditation specifically for the motor industry, has been confirmed by the Financial Conduct Authority (FCA) as a principal firm for consumer credit.
With many dealers’ slots to apply for full FCA authorisation being moved forward, with a deadline of December 31 in many cases, businesses must be prepared, warned the NFDA's Louise Wallis.
Dealers who want to lead the consumer-focused cultural change the Financial Conduct Authority (FCA) era is hailing in F&I product sales will need to consider employing a compliance manager, F&I expert Adrian Foster predicted.
Dealers should embrace the new era of the Financial Conduct Authority (FCA) or risk the imposition of a stricter structure which other industry sectors have been forced to adopt, delegates at AM’s new F&I Compliance Conference will be told.
The full webinar entailing a presentation by Alphera's FCA readiness manager Martin Parr on the key interpretations of the Financial Conduct Authority's new consumer credit regime and a Q&A, is now available to view, together with slides.
A ‘tick box’ approach to regulation won’t work when applying for full Financial Conduct Authority (FCA) authorisation.
With the Financial Conduct Authority’s interim period coming to an end, AM has launched its very first Finance and Insurance Compliance Conference to provide dealers with the detail they need to continue to meet the FCA guidelines in every aspect of their business.
