Motor finance firms are exploring the role of AI (artificial intelligence) in supporting car loan sales and FCA regulatory compliance
Solutions provider The Compliance Guys has launched a test drive app to streamline customer data collection and maximise customer purchasing.
The chief executive of Stellantis has slated the UK ZEV mandate, claiming it could drive carmakers to flood the market with EVs, ultimately threatening their own viability.
Shoreham Vehicle Auctions (SVA) has called for key industry stakeholders to work closely with the tax office to shape new legislation on double cab pick ups.
The owner of a Warrington garage has received a 12-month sentence after an investigation led by the trading standards service of a local council.
The UK Government has reiterated it is "committed to keeping the transition to electric vehicles affordable" in a response to members of the House of Lords who have been urging it to do more to ease motorists concerns about a future driving EVs to reduce tailpipe emissions.
Auto Trader has made its Deal Builder omnichannel solution available to all FCA authorised used car retailers to trial.
Almost one in 20 motor finance customers have been identified as vulnerable, according to new research by iVendi.
The Financial Conduct Authority is reminding motor finance firms about their requirement to maintain adequate financial resources at all times, in the light of several lenders reserving millions of pounds in case of widespread compensation demands after the review of car loan commissions.
The UK financial watchdog has told several online providers of GAP insurance that they can continue to sell their products until the end of April.
A worker who was processing catalytic converters was left with life-changing injuries by an incident at her Essex workplace, which has now incurred a large fine.
Gaurav Jain, UK commercial director, Get Your Car, Carwow, discusses the opportunities for dealers as car buyers seek more guidance on finance options
The Financial Conduct Authority (FCA) has identified shortcomings in how some motor insurance firms are valuing written-off or stolen vehicles.
Martin Lewis has confirmed over 1.2 million are seeking compensation for overcharged interest when funding a vehicle on PCP or HP finance between 2007 and 2021.
Close Brothers has confirmed that it has set aside up to £400 million ahead of the FCA’s regulatory review into the motor finance sector.
The FCA has said it will start the process of reviewing firms’ treatment of vulnerable customers as it set out its plans for the next year.
Any action taken on car loan discretionary commission complaints will be much swifter than that implemented for payment protection insurance (PPI) misselling last decade, according to the chief executive of the Financial Conduct Authority.
A new partnership between credit information provider CRIF and BMW Financial Services will help make the purchasing experience smoother.
Consumers who have witnessed new and used cars become significantly more expensive since 2020 are unlikely to beat a path to dealerships as a result of the National Insurance cut in Jeremy Hunt's 2024 Spring Budget.
The absence of any measures in the Spring Budget targeted at jumpstarting market demand for EVs has been widely condemned as a missed opportunity.
AM's latest Spotlight on Finance and Insurance Report has just been published and it can be read or downloaded here.
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.
The Government has changed its mind about how it taxes double cab pick-up trucks, a week after it said that from July 1, 2024, these trucks would be treated like cars for tax purposes.
A suspended prison sentence has been given to a South Wales vehicle technician who issued MOT pass certificates for vehicles he hadn't fully tested.
