FCA
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Finance 20 Dec
FCA seeks input from firms on 'open finance' opportunities
The Financial Conduct Authority is looking into 'open finance' which would make it easier for consumers and businesses to compare price and product features and switch product or provider.
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Finance 9 DecKew Vehicle Leasing embraces commission payment disclosure
Kew Vehicle Leasing claims to have become the first leasing broker to openly disclose the amount of finance commission it receives on all regulated Personal Contract Hire (PCH) agreements.
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Supplier News 5 NovDebate FCA finance regulation at Automotive Management Live
With the Financial Conduct Authority having just issued its proposals to outlaw certain commission models and encourage commission disclosure, the presenters of The Future of Motor Finance session at Automotive Management Live this Thursday are raring to share their insights and analysis.
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Finance 15 OctDealers will disclose commission under new FCA motor finance plan
The Financial Conduct Authority has considered whether to force car dealers to tell their customers about the way they earn commission from selling motor finance and the amounts they earn.
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Finance 15 OctFCA looks to ban car dealers’ discretionary finance commission
The Financial Conduct Authority (FCA) has opened a consultation in a bid to ban car retailers’ discretionary finance commission model – saving UK car buyers an estimated £165 million a year.
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Latest News 11 OctCar finance options confuse UK consumers
Research from Zopa has shown that UK car buyers are confused when picking which car finance option is the best to fund their next purchase.
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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.
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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”.
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Car Dealer News 14 AugLookers implements £10m ‘remedial action plan’ ahead of FCA investigation
Lookers is investing £10 million over the next two years in a bid to deliver a “gold-plated” sales process ahead of the launch of an official investigation of the business by the Financial Conduct Authority (FCA).
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Black Horse Market Insight 30 JulHow to ensure customers don't buy inappropriate motor insurance products
In the general insurance (GI) publication, the FCA highlighted risks that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service.
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Market Insight 23 JulFCA issues draft guidance on dealing with vulnerable consumers
New draft guidance from the Financial Conduct Authority should help dealers in their sales of finance and insurance to vulnerable consumers.
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Black Horse Market Insight 23 JulEnsure lenders' affordability assessments are fit for purpose
The FCA’s concern is that some lenders’ affordability assessments are not aligned with the latest guidance issued as part of its Policy Statement 18/19.
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Latest News 19 JulIs FCA's Lookers investigation a sign regulator is getting tough?
Car dealers are ‘right to be worried’ about finance income following the FCA credit watchdog's latest motor retail investigation
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Black Horse Market Insight 16 Jul'Some lenders not taking reasonable steps to manage intermediaries' - FCA
The FCA feels some lenders are not taking reasonable steps to manage intermediaries’ adherence to the rules in the Consumer Credit sourcebook (CONC).
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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.
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Opinion 1 JulFCA calls time on Buy Now Pay Later interest charges, guest opinion
The Financial Conduct Authority (FCA) recently announced forthcoming changes to what has been a controversial area of consumer credit lending.
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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.
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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.
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Finance 12 JunFCA action drives change to 'buy now, pay later' finance
The Financial Conduct Authority is freeing consumers from full back-dated interest charges when they partly pay amounts owed under ‘buy now, pay later’ (BNPL) finance deals.
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Manufacturer 6 JunFCA Group withdraws €33bn Renault merger proposal
FCA Group has withdrawn its proposal of a “transformational” merger with Renault after representatives from the French government stalled a potential deal.
