FCA
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Market Insight 27 Nov
FLA boss Stephen Sklaroff says FCA regulations are "not there yet"
Tribute was paid to the “energy and resilience” of the car finance sector when Stephen Sklaroff addressed the FLA’s 12th annual Motor Finance Convention.
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Finance 26 Nov
Consultation begins over proposed deadline for PPI complaints
The Financial Conduct Authority has begun consultation on a raft of changes to PPI complaint handling rules.
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Finance 9 NovMoneyway rolls out prime product in 2016
Moneyway has confirmed it will start rolling out its product aimed at prime customers at the start of next year after piloting the idea since April.
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Finance 3 NovClaims companies have car dealers in their sights
Miscalculated mileage on finance products and non-maintained contracts could provide claims companies with their next target once the PPI window closes.
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Finance 3 NovDealers offered guidance on adapting incentives in advance of FCA scrutiny
Dealers need to tackle the issue of sales commissions and incentives following the pending Financial Conduct Authority (FCA) investigation, dealers will be advised at this year’s AM F&I Compliance Conference next week.
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Finance 19 Oct
Majority of finance providers feel prepared for FCA regulations
The majority of delegates at the Finance & Leasing Association’s (FLA’s) latest conference (62%) said they felt well prepared for the new FCA regulatory regime.
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Finance 14 Oct
Wide-ranging FCA regulation interpretations can be confusing
The variety of interpretations of Financial Conduct Authority (FCA) regulations by the motor industry can be confusing for dealers.
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Finance 13 Oct
FCA leads to more intrusive finance providers for dealers
Dealers are likely to experience more intrusive relationships with their finance suppliers under stricter rules made by the Financial Conduct Authority (FCA).
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Finance 7 Oct
GAP sales flat in September, says AutoProtect
GAP insurance sales were flat in September, according to data from supplier AutoProtect.
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Finance 7 OctMore finance options at point-of-sale key to escaping further FCA regulation, says iVendi
James Tew, Ivendi chief executive, believes the industry needs to be offering more choice for motor finance at point of sale to avoid further FCA regulation.
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Finance 5 Oct
iVendi updates online finance tool in wake of new FCA rules
iVendi has updated its recently-unveiled online motor finance decisioning tool to make sure it meets new Financial Conduct Authority (FCA) requirements.
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Finance 5 OctFCA rules hit dealer GAP volumes by 11% in September
UK car dealers have recorded an 11% reduction in guaranteed asset protection (GAP) insurance sales this September.
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Finance 2 Oct
FCA considering setting deadline for PPI claims
The Financial Conduct Authority is considering a deadline for claims over mis-sold payment protection insurance (PPI).
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Finance 30 Sep
Consumers 'flocking' to third party GAP providers following FCA law changes
Changes to rules governing the sale of GAP insurance introduced on September 1 have already influenced consumer behaviour.
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Finance 28 Sep
Carfinance247 gets FCA authorisation
Online motor finance broker Carfinance247 has been authorised by the Financial Conduct Authority (FCA) under its new regulatory scheme.
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Finance and insurance 7 SepDealers coping well with new FCA credit regime
The first motor retailers received ‘landing slots’ for FCA credit authorisation in January of this year. Eight months on, dealers seem unfazed by the changes
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Manufacturer 27 Aug
BMW launches shortfall insurance product
BMW Group has launched a new shortfall insurance product for BMW, Mini, BMW Motorrad retailers and Alphera partners.
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Finance 25 AugCar buyer confidence 'buoyant' says brokers' survey
Confidence levels amongst car buyers is “buoyant” with customers replacing financed vehicles more often - and they are willing to pay more each month.
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Car Dealer News 25 AugCar dealers reminded of new FCA rules governing GAP sales in force from September 1
Dealers are being reminded of new regulations on how guaranteed asset protection (GAP) insurance is sold to consumers is due to come into force on September 1.
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Finance 13 AugFCA launches probe into finance sales incentives and remuneration
The Financial Conduct Authority has begun a thematic review of staff remuneration and incentives at firms offering consumer finance, such as car dealers.
