A director of new car brokerage in the north east of England has been banned by the Financial Conduct Authority from carrying out any regulated consumer finance or insurance activities because it has deemed him to be "not a fit and proper person".
Used car finance platform Evolution Funding is to acquire motor finance broker Creditas Financial Solutions.
Vertu Lease Cars, part of AM100 motor retailer Vertu Motors, has been sold to UK Carline for an undisclosed sum.
A new leasing brokerage, Vavoom, has launched with a focus on helping consumers make the transition into electric cars.
