FCA Motor Finance Review
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Finance 12 JanMajority of buyers happy for dealers to earn commission, finds Close Brothers
A third (34%) of British car buyers expect dealers to earn commission on vehicles bought on finance, and a further 28% don’t mind so long as they’re informed, according to new research from Close Brothers Motor Finance.
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Finance 3 JulFCA extends demands on motor finance support for consumers
The Financial Conduct Authority is set to demand motor finance firms extend the support available to customers left short of cash due to COVID-19.
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Finance 16 MayDealers warned FCA review might change the role of business managers
Changed job descriptions for dealerships’ business managers may be one outcome of the Financial Conduct Authority’s probe into motor finance, says Andrew Smith, FCA expert
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Finance 5 MarFinancial Conduct Authority's motor finance review suffers from outdated information, claims FLA
Motor industry groups have given a mixed response to yesterday’s report from the Financial Conduct Authority, which highlighted certain dealer reward structures in motor finance and a need for clarity about commission payments.
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Finance 4 MarSome finance commissions face ban as Financial Conduct Authority publishes its motor finance review
The Financial Conduct Authority is considering banning certain commission models in the motor finance sector due to its concerns about harm to consumers.
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