The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
New business volumes in the consumer car finance market fell 1% by volume but grew 2% in value in February 2020, data published by the Finance & Leasing Association (FLA) has shown.
The Finance and Leasing Association (FLA) wants Government and the Bank of England (BoE) to take urgent action to support the non-bank lending market durin the ongoing COVID-19 coronavirus lockdown.
The Financial Conduct Authority (FCA) has proposed a three-month temporary payment freeze on loan and credit card repayments to help consumers cope with the “unprecedented financial shock” triggered by the COVID-10 coronavirus lockdown.
The point of sale (POS) car finance market declined 2% by value and 5% by volume in January 2020, the Finance and Leasing Association (FLA) has revealed.
The Finance and Leasing Association’s (FLA) head of motor finance has said that every effort should be made to keep motorists “in their cars” as coronavirus inhibits some consumers’ ability to make repayments.
The Finance and Leasing Association’s chairman has urged the sector’s regulators and policymakers to work more closely with the industry and ensure motor and asset finance is able to help the UK reach its zero emissions goal.
The Finance and Leasing Association (FLA) has reported a 3% increase in the value of new business in the car finance during 2019.
The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
The new head of the Finance & Leasing Association (FLA) has urged reform of the 45-year-old Consumer Credit Act because it "is failing consumers" and is unfit for modern finance provision.
The consumer car finance market achieved year-on-year growth of just 4% by volume and 7% by value during September – despite last year’s WLTP-impacted decline.
The Finance and Leasing Association (FLA) has appointed Stephen Hadrill as its new director general.
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.
The Finance and Leasing Association (FLA) has reported that the automotive retails sector’s point of sale finance business declined by 2% during August.
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”.
The Finance and Leasing Association (FLA) has reported that new business in the point of sale (POS) consumer car finance sector rose 5% by volume during July.
In a bid to professionalise finance industry employees, attract young talent, and provide career progression for staff, the Finance & Leasing Association (FLA) has been promoting Motor Finance Specialist Apprenticeships, created in line with the Government-approved level 3 apprenticeship standard.
The point of sale (POS) car finance market posted year-on-year declines of 3% by volume and 2% by value across both new and used car sectors during June, according to the Finance and Leasing Association (FLA).
Consumer car finance new business volumes fell by 3% in May compared with the same month in the previous year, according to the latest figures from the Finance & Leasing Association (FLA).
