FCA
-
Finance 6 Dec
Moneybarn probed by the Financial Conduct Authority over motor finance affordability assessments
Sub-prime car finance firm Moneybarn is being investigated by the FCA over how it assesses car-buyers for loans.
-
Latest News 1 NovHow to respond to the FCA’s recent letter to bosses, explained at Automotive Management Live
This year’s Automotive Management Live event will see Compliancy Services equip dealers with how to respond to the FCA’s letter to bosses.
-
Finance 24 Oct
FCA makes BrightHouse HP lender repay £14m after affordability checks failed
A hire purchase firm is beginning to pay almost £15m in redress to customers after intervention by the Financial Conduct Authority.
-
Finance 19 OctDigital solutions could help provide dealers with framework for GDPR and FCA changes - Automotive Management Live 2017
Digital solutions look set to play a key role in helping dealers comply with the demands of GDPR legislation and FCA regulation.
-
Finance 6 SepSantander launches free dealer support videos on car finance
Santander Consumer Finance (SCF) has launched a series of free videos to enhance customer understanding of car finance options.
-
Finance 11 AugAutomotive finance must promote positive message with ‘regulators at the door’
The automotive finance industry must focus on generating positive messages as it endures a flurry of negative publicity and the growing attention of regulators, according to a panel of industry experts.
-
Finance 8 Aug
Offer greater finance choice to deliver an ‘informed decision’, says iVendi
Dealers should subscribe to the ethos of the FCA by offering customers a broader choice of finance providers, says iVendi.
-
Finance 31 Jul
FCA sets out details of motor finance review
The FCA has set out its main areas of focus for its investigation into the motor finance industry in the UK.
-
Finance 28 JulFranchised dealers defend PCP car finance deals from media attacks
Car buyers using PCP car finance deals are safe, say motor retailers, but questions remain over clarity and transparency.
-
Opinion 13 JulGuest opinion: online finance holds answer to compliance conundrum
As the sales practices around motor financing are increasingly brought into the spotlight, it has become clear that something must change.
-
Technology 7 JulEquiryMAX launches technology to help dealers with FCA compliance
Technology from EnquiryMAX has been launched to help dealers achieve full compliance with FCA investigations into PCP sales.
-
Finance 4 JulFCA reveals proposals to counter risk of sales staff incentives
The Financial Conduct Authority has published proposals to require dealers to better manage risks of non-compliance in staff's pay and performance management.
-
Finance 3 JulUndercover reporters flag-up dealer finance sales flaws
Car retailers have come under fire for their approach to finance sales after undercover newspaper reporters found sales executives were offering new car PCPs to and minimum wage earners and the unemployed.
-
Finance 28 Jun
Car loans highlighted among Bank of England’s ‘pockets of risk’
The Bank of England has told banks to set aside an extra £11.4 billion to protect the economy from a financial crash as car finance and credit card debt lending continues to “increases rapidly”.
-
Latest News 26 Jun“Dealers need a dramatic culture shift ahead of FCA review” warns FCA compliance expert
FCA’s compliance consultancy consumer director Andrew Smith has said that “dealers need a dramatic culture shift ahead of the Financial Conduct Authority’s (FCA) 2018 review”.
-
Finance and insurance 21 JunMotor finance Q&A: How car dealers can spot finance fraudsters
Car dealers are being targeted by criminals making fraudulent car finance applications. Sgt Kate Jackson of the NVCIS explains how to spot them.
-
Latest News 19 JunFCA investigates Admiral over 'inaccurate' insurance documents
The Financial Conduct Authority (FCA) has found that Admiral included inaccurate premium amounts in its renewal documents.
-
Opinion 12 JunGuest opinion: Are PCPs being incorrectly demonised?
There has been a lot of adverse publicity around Personal Contract Purchase in recent months, much of which is technically incorrect and some of which is blatant journalistic sensationalism.
-
Finance and insurance 6 JunHow car dealers can avoid the finance hazards
Prepared car dealers can minimise risks to the finance market – whether from competitors, regulation or market pressures.
-
Finance and insurance 1 JunAre PCPs close to the edge?
The new car sales boom depends on cheap, available finance, but storm clouds are visible on the horizon.
