Compliance
-
Supplier News 25 JunSuppliers unite to form ‘Motor Alliance’ for car dealers and OEMs
MotorVise Automotive has partnered with Drive Assured and The Compliance Company to form the Motor Alliance – a new business aiming to drive car dealers’ profitability.
-
People News 22 JunHM Treasury appoints Nikhil Rathi as FCA chief executive
HM Treasury has appointed the current chief executive of London Stock Exchange Nikhil Rathi as the new permanent chief executive of the Financial Conduct Authority (FCA).
-
Finance 9 JunFlat rates, EV funding and PCH growth drive changes in motor finance
Government’s ‘travel by car’ advice fuels hope for market revival
-
Finance 5 JunCOVID-19 car finance payment deferrals come with consequences, says ASI
Automotive Services International has said automotive finance payment deferrals introduced during the coronavirus pandemic could see customers incur unintended costs.
-
Aftersales 22 MayGarages can signal COVID safeguards in IGA compliance scheme
Next month the Independent Garage Association (IGA) will launch a COVID-19 compliance certification scheme for independent workshops wishing to demonstrate to their customers that the environment is safe.
-
People News 11 MayAPD Compliance Solutions welcomes Keith Allen as board member
APD Compliance Solutions has welcomed ex-ALD Automotive Group and ARI Fleet UK managing director Keith Allen as an equity stakeholder and board member.
-
Finance 17 Apr
FCA publishes draft coronavirus guidance on motor finance repayments
The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
-
Finance 17 Feb
FCA fines Moneybarn £2.77m for unfair treatment of 'vulnerable' customers
The Financial Conduct Authority (FCA) has fined automotive finance provider Moneybarn £2.77 million for failing to treat "vulnerable" customers fairly when they fell behind with loan repayments while in financial difficulties.
-
Opinion 4 OctNew FCA regime highlights F&I professionals’ duty to ‘stay competent’
On December 9 this year, the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SMCR) for consumer credit firms – including motor finance sellers – comes into effect.
-
Finance 27 SepFCA motor finance regulation must avoid ‘unintended consequences’
The Financial Conduct Authority (FCA) has to be sure that any regulatory changes introduced by the in light of its recent review of the motor finance sector “don’t have unintended consequences”.
-
Finance 9 JulReport shows FCA fines have trebled as enforcement cases rise
The value of fines imposed by the Financial Conduct Authority in 2018/19 increased threefold in 2018/19 compared to the prior year.
-
Car Dealer News 25 JunStock Exchange reacts to FCA investigation of Lookers’ sales processes
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
-
Finance 21 Jun
£45.5m FCA fine for Bank of Scotland's failing to disclose to finance regulator
Failing to report early suspicions of fraudulent activity to the finance regulator has left Bank of Scotland with a £45.5 million fine.
-
Supplier News 3 JunFCA and PRA fine Raphaels Bank £1.89m
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have fined R. Raphael & Sons plc (Raphaels) for failures in the management of its outsourcing arrangements.
-
Latest News 29 MarIMDA partners with Dealerweb’s Acceler8 to boost dealer sales
The Independent Motor Dealers Association (IMDA) has launched a new partnership with Acceler8, to help dealers boost sales conversion rates.
-
Finance 21 MarFCA prepares for new senior manager regime roll-out
The FCA’s executive director of supervision for retail and authorisations has warned its focus on affordability, business models and culture will not shift.
-
Opinion 13 MarFCA’s motor finance review should sharpen compliance focus, guest opinion
The long-awaited FCA update on the motor finance industry has sharpened the sector's focus on Difference in Charge (DiC) arrangements that can lead to higher interest rates for consumers.
-
Supplier News 18 FebDealTrak launches integrated F&I compliance module
DealTrak has announced the launch of its new compliance module to assist in managing automotive finance and insurance products.
-
Finance 15 FebEuropcar Mobility highlights car finance confusion to promote new long-term lease
Just 53% of motorists understood the terms and conditions of their last car finance deal, according to research commissioned by Europcar Mobility Group UK.
-
Latest News 30 JanIMI adds F&I accredited salespeople to professional register
The IMI has added F&I accredited salespeople to its professional register as part of an Alphera-supported scheme to improve transparency and satisfaction.
