Compliance & risk management - Page 4
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Supreme Court rejects Chancellor’s bid to intervene in finance compensation case
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.
Executive View: The reasons why dealerships should prioritise complaint handling
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.
Dealers call for greater government support amid market uncertainty
The latest outlook survey from the National Franchised Dealers Association (NFDA) reveals widespread pessimism among dealers, reflecting their fears about navigating financial pressures and regulatory changes.
Kia UK chief welcomes ZEV mandate consultation, calls for clarity on hybrid rules
Kia’s UK chief has welcomed the review of ZEV mandate regulations that will guide the industry until 2035 but cautions that the UK government has no intention of walking away from its proposed trajectory.
DfT's ZEV Mandate consultation launches to consider flexed targets and hybrids
The DfT has today launched a consultation asking for industry views on the Government's restoration of the 2030 petrol and diesel new car ban. Elements include gathering views on which full hybrid and plug-in hybrids could be sold still alongside zero emission vehicles, and what approach should be taken for vans and low volume OEMs.
Car loans complaints extension announced by the Financial Conduct Authority
The Financial Conduct Authority (FCA) has announced an extension for firms to respond to complaints about motor finance agreements that do not involve discretionary commission arrangements (DCAs).