Car loan providers and dealerships won't need to give a final response to customer complaints related to discretionary commission arrangements (DCAs) for more than a year while the regulator continues to tackle the issue.
While there are positive signs of an industrial strategy for automotive and investment in EV infrastructure, the new government's actions will be determined by political uncertainty and competing national priorities.
NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s business asset finance business, Lombard
The Financial Conduct Authority has found "issues" in the ways that motor finance was offered or incentivised in the past and the ongoing review will determine the breadth of those issues, and what system of redress will be needed. That's according to FCA chief executive Nikhil Rathi.
The insurance giant Admiral Group is preparing to enter the UK's point of sale motor finance market and it will soon be looking for car dealer partners.
Mike Todd, chief executive of Volkswagen Financial Services UK, says the automotive sector needs to ensure the Consumer Duty standard remains a driving force for continual improvement as it looks to meet the changing demands of customers.
Car ownership remains crucial for young people, with the need for a vehicle increasing among 17-24-year-olds, Auto Trader's latest consumer analysis reveals.
BNP Paribas Personal Finance UK and Arval UK have won a competitive tender process to help Britain's drivers with their purchases from the Chinese car brands Omoda and Jaecoo.
Car subscription service Dribe reports a surge in interest from British car distributors in its digital end-to-end platform and subscription model.
Three-quarters of car buyers are considering finance options offered by dealers, despite only half of them feeling comfortable with the process.
Shawbrook Group plans to broaden its portfolio by buying specialist motor finance lender JBR Auto Holdings.
A director of new car brokerage in the north east of England has been banned by the Financial Conduct Authority from carrying out any regulated consumer finance or insurance activities because it has deemed him to be "not a fit and proper person".
Dealers are being warned that claims made through self-funded warranties could well exceed the any funds set aside.
Vik Hill, the long serving chief executive of Santander Consumer UK, is retiring this week after more than two decades heading the automotive finance business.
Aston Martin has selected Lloyds Banking Group as its retail finance provider for UK car sales.
The UK financial watchdog, the FCA, has moved to allow a ‘significant’ number of firms to recommence sales of GAP insurance to car buyers, following its action to improve fair value.
AM examines fears that regulator views on Guarantee Asset Protection’s value to consumers may kill off a product once hailed for its profitability
Used car finance platform Evolution Funding is to acquire motor finance broker Creditas Financial Solutions.
Motor finance firms are exploring the role of AI (artificial intelligence) in supporting car loan sales and FCA regulatory compliance
Multi-brand rental business Leasys UK is expanding to offer short-term rental services.
