Volkswagen Finance has been slapped with a £5.4 million fine by the Financial Conduct Authority (FCA) for failing to treat customers in financial distress fairly.
An e-commerce platform is being launched in the UK by Leasys to allow potential new car buyers to easily lease electric and hybrid cars.
The Financial Conduct Authority (FCA) is undertaking a comprehensive market study into the insurance sector, focusing on the fairness of premium finance products used for motor insurance.
Santander Consumer Finance (SCF) has acquired full-service fleet management specialist CLM Fleet Management, aligning with Grupo Santander's European initiative to strengthen its position as a contract hire service provider for fleets operating company cars.
Lexus is launching a comprehensive warranty package to cover vehicles for up to 10 years or 100,000 miles on all its models, whether new, nearly new, or pre-owned.
The Financial Conduct Authority (FCA) has fined TSB Bank £10.9 million for failing to ensure fair treatment of customers who were in arrears.
Carwow is continuing on the acquisition trail after acquiring Gridserve Car Leasing for an undisclosed sum.
The Finance and Leasing Association (FLA) is searching for a successor for the position of director general following Stephen Haddril's decision to retire next summer.
A worsening shortage of replacement car parts is leaving motorists waiting weeks, or even months, for repairs, according to research by insurance broker The Green Insurer.
Independent vehicle leasing and fleet management specialist Zenith has named Richard Jones as its new group chief executive.
The British Vehicle Rental and Leasing Association (BVRLA) has named Toby Poston as its new chief executive succeeding Gerry Keaney who is retiring at the end of the year.
The fintech firm Carmoola claims it will be offering "dealership-beating car finance rates" to win over car buyers now it has secured a major new debt facility worth £100 million with NatWest.
Several key shifts in the UK financial watchdog’s enforcement strategy could see motor retail finance providers subject to far more rapid investigations, allowing less time to respond in a fast-moving enforcement environment.
Consumer pre-approval for motor finance is becoming increasingly important as the industry shifts toward risk-based pricing, according to fintech iVendi.
Car loan providers and dealerships won't need to give a final response to customer complaints related to discretionary commission arrangements (DCAs) for more than a year while the regulator continues to tackle the issue.
Most MOT staff would support calibration companies being allowed to upload calibration certificates directly into the DVSA’s MOT Testing Service (MTS), according to a recent poll conducted by management platform MOT Juice.
A former sales consultant has been fined after pleading guilty to unlawfully retaining and selling thousands of customer records from the car leasing company he worked for in Hertfordshire.
Opteven has launched a ‘next-level’ insurance product designed to help car owners get back on the road with a similarly priced vehicle if their car is written off
Start-up Jigcar has completed a £750,000 pre-seed funding round.
Lex Autolease has reported a staggering drop in pre-tax profits of over £400 million, according to newly-filed accounts.
Many insurers and brokers are still failing to demonstrate fair value despite industry efforts to improve governance and oversight regarding Guaranteed Asset Protection (GAP) products.
Pendragon Vehicle Management (PVM) has appointed Phil Wilbraham as its new group vice president, following its acquisition by Lithia.
New car finance business volumes and value both dropped by 3% over the first half of 2024, according to data from the FLA.
NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s business asset finance business, Lombard
The insurance giant Admiral Group is preparing to enter the UK's point of sale motor finance market and it will soon be looking for car dealer partners.
