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.
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.
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.
Ministers are drafting plans to subsidise electric vehicle (EV) purchases by guaranteeing consumer loans in a bid to accelerate sales that remain below official targets, according to the Financial Times.
Fraudsters who removed the equivalent of four round trips to the moon in mileage from vehicle odometers have been sentenced following a major investigation by Kent Trading Standards.
Volkswagen Group has come under scrutiny after a significant data leak reportedly exposed sensitive customer information online for several months.
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.
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).
