If consumers are paying a greater price now than they did before, what harm is the FCA’s intervention actually preventing?
Lloyds Banking Group has allocated £450 million to cover potential expenses related to regulatory investigations into historic motor finance commission deals.
Consumer champion Martin Lewis’s free tool for consumers to probe whether they were victims of discretionary commission agreements (DCAs) has logged the filing of over half a million complaints.
Consumer champion Martin Lewis has launched a free tool for consumers to use in logging a complaint about discretionary commission agreements (DCAs) in their car loans.
A boost to finance offers on the Hyundai Tucson hybrid SUV range is hoped to tempt more private buyers into Hyundai dealerships ahead of the 24-plate change in March.
Scotland's supreme civil court has ruled a car buyer can insist on a refund on a faulty car which he continued to drive after rejecting it.
MotoNovo Finance has appointed Chris Adams to the newly created position of director of pricing and portfolio performance.
The Financial Conduct Authority has appointed a third-party independent expert to consult with car loans firms as the regulator progresses its review of historic discretionary commission arrangements.
Bill Brower, Solera’s SVP of industry relations & claims, regulation applies to the B2B world as much as within the consumer space.
Close Brothers Premium Finance has signed a new five-year contract with Brown & Brown’s UK network business Hedron Network.
The success of the EV market could pivot on two big political issues: the prospect of subsidies and the outcome of the forthcoming General Election.
Carmoola, the online car finance start-up has secured a further £15.5 million in venture capital funding.
Whether a manufacturer or dealer, maintaining competitive advantage is no longer about the cars you make and sell; it’s about product, service and brand
The Financial Conduct Authority could implement a simplified claims process if it deems there has been widespread unfair treatment of car buyers due to discretionary commission agreements between lenders and car dealers or brokers.
Historical arrangements used by motor finance firms to pay commission to car dealers and brokers are being reviewed by the Financial Conduct Authority in case consumers have not been treated fairly.
The pressure on UK motor retailers to identify vulnerable customers ahead of the motor finance sales process has increased since the arrival of the latest regulatory regime, and Jonathan Barrett, chief executive of Comentis, shares his thoughts on what this means for regulated firms.
The UK financial watchdog is considering imposing fees on claims management companies after complains about motor finance surged
Dealers should prepare for a potentially higher level of scrutiny from regulators following news that complaints about motor finance agreements have doubled.
Aftermarket measurement data provider Factor Sales has appointed Alex Jenner as its new business development manager.
