Car retailers should be compelled to familiarise and educate customers with new in-car technology as part of new responsibilities towards road safety, according to IAM Roadsmart.
Many will still need time to fully consider the content of the Financial Conduct Authority’s (FCA) final ruling from its motor review and the impending ban on discretionary commission models, published earlier this week.
The Financial Conduct Authority (FCA) has confirmed its move to ban all discretionary commission models in motor finance to save car buyers £165 miilion-per-year and eliminate “conflicts of interest” in the sector.
MotoNovo claims to have moved towards the Financial Conduct Authority’s (FCA) car finance ideal scenario with the launch of its new “priced to risk” MotoRate offering.
MotorVise Automotive has partnered with Drive Assured and The Compliance Company to form the Motor Alliance – a new business aiming to drive car dealers’ profitability.
HM Treasury has appointed the current chief executive of London Stock Exchange Nikhil Rathi as the new permanent chief executive of the Financial Conduct Authority (FCA).
Government’s ‘travel by car’ advice fuels hope for market revival
Automotive Services International has said automotive finance payment deferrals introduced during the coronavirus pandemic could see customers incur unintended costs.
Next month the Independent Garage Association (IGA) will launch a COVID-19 compliance certification scheme for independent workshops wishing to demonstrate to their customers that the environment is safe.
APD Compliance Solutions has welcomed ex-ALD Automotive Group and ARI Fleet UK managing director Keith Allen as an equity stakeholder and board member.
The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
The Financial Conduct Authority (FCA) has fined automotive finance provider Moneybarn £2.77 million for failing to treat "vulnerable" customers fairly when they fell behind with loan repayments while in financial difficulties.
Training for the EV boom, ADAS issues and FCA review topped the agenda at this year’s event
Two new laws due to enter force in April will give employees’ new rights
The FCA replaced its ‘authorised person’ credit compliance system for car dealers with the Senior Managers & Certification Regime (SMCR) on December 9
Financial Conduct Authority says proposed rules on commission disclosure are designed to give buyers more clarity
A ban on interest-linked commissions will level the playing field, says Financial Conduct Authority
Hi-tech entrants, new alliances and products, ongoing regulatory changes and old supply woes will make for an interesting 12 months
As technology becomes more sophisticated, the quality of enquiry follow-ups needs to improve in tandem
The AA and AX have partnered to provide an improved accident aftercare initiative.
