FCA
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Finance 26 May'Finance houses need to reveal their data' - the June edition of AM is out now
To dispel doubt about the stability of the motor finance market, finance houses and trade bodies need to be more transparent.
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Opinion 28 AprGuest opinion: PCP regulations need to work for everyone
The PCP industry is booming. Thousands of drivers every year walk off the showroom forecourt with a brand new motor and a freshly signed PCP agreement to go along with it.
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Finance 24 Apr
Investigation highlights £1.4bn used car finance 'rip-off'
An investigation into finance in the automotive sector has slammed used car dealers for a “£1.4 billion a year rip-off” after comparing the deals offered by 100 retailers across the UK.
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Car Dealer News 20 AprImportant FCA action ‘does not harm’ vehicle sales, says NFDA
FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm vehicle sales, according to NFDA director Sue Robinson.
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Finance 19 AprBank of England to get tough on PCP credit culture
The Bank of England has confirmed that it considering more stringent regulations which would usher in strict affordability checks in a bid to avoid a PCP-prompted financial crisis.
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Finance 22 MarFCA rules have not had a 'deep, lasting impact' on GAP sales
Sales of Guaranteed Asset Protection (GAP) insurance policies appear to have stabilised.
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Car Dealer News 14 Mar
Nearly half of drivers say they have been over-charged and mis-sold F&I products at dealerships - research
Nearly half of drivers believe they have been over-charged and mis-sold finance and insurance products when buying from a dealership.
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Market Insight 26 JanFCA expects insurance add-on providers to 'improve value they offer consumers'
The FCA has begun its publication of data about claims frequencies, claims acceptance rates and average claims pay-outs in a bid to make the value of products more transparent for consumers.
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Finance 9 DecFCA Automotive Services finance training gains IMI recognition
FCA Automotive Services is celebrating after gaining IMI accreditation for its own finance training program.
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Opinion 11 NovAre you gambling with FCA regulations?
The FCA took over the regulation of consumer credit in April 2014. What’s happened since?
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Finance 4 Nov
Dealers' F&I commission will come under scrutiny 'quicker than we think'
FCA scrutiny of car dealers' commission on F&I products will happen “quicker than we think”, according to Barclays Partner Finance managing director Mike Britton.
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Supplier News 3 NovFrontline Solutions rebranded as DealTrak amid expansion plan
Frontline Solutions managing director Martin Hill has announced the rebranding of the business as DealTrak as part of an expansion phase which will see it move into a larger headquarters in Leeds city centre.
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Finance 1 NovFCA's final notices to dealers signify the first of many in 'new era of finance regulation'
Five final notices issued by the Financial Conduct Authority to dealers this month could be the “first of many”, warns iVendi.
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Latest News 14 OctFCA stops independent dealer Motor Spot from offering consumer finance
An independent used car dealership has had its consumer credit permissions withdrawn by the Financial Conduct Authority.
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Opinion 6 OctDealer guest opinion: increased dealer-consumer connectivity comes with a health warning
The widespread adoption of the internet has clearly been a benefit to the motor trade. However, this connectivity comes with a health warning.
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Finance 28 Sep
FCA reinforces to firms' senior managers the culture of accountability
The Financial Conduct Authority (FCA) marks six months since the start of the Senior Managers’ and Certification Regime by proposing ways to strengthen it.
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Market Insight 21 Sep
Financial Conduct Authority examines insurance sector's use of telematics and Big Data
The Financial Conduct Authority has published its examination of the impact of Big Data in sales of general insurance such as motor cover.
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Finance 24 AugDealers should question need for high APR finance deals
Dealers should consider pricing non-prime motor finance lower in order to win more business and question whether deals which demand high APR should be done, says Startline Motor Finance.
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Finance 23 Aug'Dealers remain unsure of what data they need to meet FCA demands'
Dealers are regularly collecting the wrong data or are proving to be unsure of how to meet the demands of an FCA investigation.
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Car Dealer News 8 Aug'Brace yourself for FCA investigation' car dealers warned
The automotive retail sector should brace itself for a Financial Conduct Authority investigation with at least one dealership group likely to come under scrutiny.
