The Financial Conduct Authority has fired a warning shot for general insurance firms acting as principals for appointed reps, after it found shortcomings.
I am increasingly horrified by the advice that has and is still being given to some firms in relation to the FCA authorisation and ongoing regulatory requirements.
The motor industry has called for the UK Government to take action to safeguard UK automotive interests and maintain economic stability.
The Financial Conduct Authority has announced that a full representative example is no longer needed in an ad where there are no credit charges and the APR is 0%.
With the bulk of FCA consumer credit authorisation now complete, the regulator's focus is likely to shift towards enforcement.
Non-regulated dealers can now benefit from free IAR status, 30-day free insurance for customers and access to additional revenue through GAP and SMART insurance sales.
MotoNovo Finance’s unique MotorV8 measurement and reward programme, which evidences dealerships’ FCA compliance, is now benefiting over 3,000 dealers.
Tracey McDermott is to quit the Financial Conduct Authority. McDermott has been acting CEO but withdrew from the process to appoint a permanent CEO.
GAP sales are starting to recover following an initial slump that resulted from the introduction of new regulations from the Financial Conduct Authority on September 1.
The Financial Conduct Authority (FCA) has launched a 'Call for Input' on a planned review of retained provisions of the Consumer Credit Act 1974.
To ‘treat customers fairly’, ask if you would be happy with how your dealerships treat your family and friends.
The National Franchised Dealers Association has raised the cost of FCA compliance, an extended MOT testing period and the BIK diesel surcharge with the HM Treasury.
HM Treasury has appointed Andrew Bailey as the new permanent chief executive of the Financial Conduct Authority (FCA).
Close Brothers Motor Finance appoints Luke Sugden as credit risk director as part of a push to boost dealers' FCA compliance and meet consumer expectations.
MotoNovo Finance has launched a new concept in car finance which allows customers to facilitate their own application via an innovative new app.
Close Brothers Motor Finance is calling on dealers to change their attitudes towards industry regulation or face the consequences.
The Financial Conduct Authority (FCA) has proposed mandating new tactics designed to help consumers shop around for insurance.
The FCA is seeking views on whether the level of protection provided to SMEs in its handbook of rules and guidance is “broadly right”.
Tribute was paid to the “energy and resilience” of the car finance sector when Stephen Sklaroff addressed the FLA’s 12th annual Motor Finance Convention.
The Financial Conduct Authority has begun consultation on a raft of changes to PPI complaint handling rules.
