The Supreme Court has granted permission for two car lenders to appeal a landmark ruling on motor finance commission payments that has raised concerns over a potential £30 billion compensation bill.
The Financial Conduct Authority has set out some of the factors it will consider if it launches a UK-wide consumer redress scheme as part of its review into car loans commission.
Dealerships should be able to make their sites EV-ready more easily as the UK Government has announced that businesses no longer must submit planning applications to install electric vehicle charge points.
A Peterborough used car dealer has been jailed for eight months following repeated breaches of a Criminal Behaviour Order (CBO) intended to safeguard consumers.
Dealer sentenced to four years in prison after a trading standards investigation revealed he sold written-off vehicles without informing buyers.
Rowes Garage fined over £200k after staff diagnosed with Hand Arm Vibration Syndrome from overuse of tools.
Regulatory investigations and authorisations expert Andy Smith has joined the team at Auxillias, the specialist legal and compliance firm.
From September, the EU Data Act will require manufacturers to give vehicle owners control over their data, allowing them to share it with third parties, writes Marcel Wendt, CTO and founder of Digidentity.
Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority (FCA) for a second five-year term.
The Supreme Court now faces the complex task of weighing consumer protection against the operational realities of the motor retail industry
The 2030 phase-out date for new petrol and diesel cars has been officially reinstated and full and plug-in hybrid vehicles can be sold until 2035 as part of a new package of government reforms and funding
The UK's motor finance industry must wait until the summer to hear whether the Supreme Court will overturn the notion that lenders and their partner car dealerships have been unfair with their customers because of the finance commission paid to dealers.
South & West Motors in Bath has been fined £10,000 after an investigation by trading standards officials uncovered multiple breaches of consumer protection laws.
The National Franchised Dealers Association (NFDA) today fiercely countered accusations that its members have engaged in bribery for decades as the Supreme Court appeal continues
A landmark Supreme Court case could determine the fate of a potential £44bn compensation bill linked to undisclosed dealer commissions.
A third (34%) of drivers are unaware they may be entitled to compensation due to historic discretionary commission arrangements (DCAs), according to a new survey by direct-to-consumer online lender Carmoola.
Close Brothers has posted an operating loss before tax of £103 million for its half year results.
Eddie Flanagan, partner at law firm Shakespeare Martineau, notes that it while a spotlight remains on the UK's motor finance market due to important legal actions it is critical for lenders to be continuously refining their data and practices.
It’s a year since the FCA’s investigation into GAP insurance, casting light on the character of the motor finance industry. But GAP is back on the table and motor retailers can make strides to re-build revenue, writes Duncan McClure Fisher, CEO at Intelligent Motoring.
Since the creation of the first car in 1886, the automotive industry has had a long-standing history of adopting and embracing cutting-edge technologies, writes Chris Linnell, associate director of data privacy at Bridewell.
The Finance and Leasing Association admits it is bracing for all possible outcomes - both good and bad – in the imminent Supreme Court’s ruling on commission disclosure which will ultimately determine a lender’s fiduciary duty and whether it will be enshrined as a permanent legal standard.
The Supreme Court has rejected Chancellor Rachel Reeves’ attempt to intervene in a landmark case concerning hidden commissions in car finance, dealing a blow to lenders facing a compensation bill potentially running into billions.
The FCA ramped up its crackdown on misleading financial promotions in 2024, forcing nearly 20,000 ads to be withdrawn or amended - almost double the 2023 figure.
The group of MPs has said there is “still something seriously wrong with the FCA” as part of a new report slamming the regulator.
Customer-facing businesses are on the frontline of both economic and regulatory change but are automotive retail dealerships tackling the challenges and finding new opportunities, asks Freeths legal expert Richard Coates.
