Payment Assist has reported a significant 350% increase in applications for its flexible four-month payment instalment plan.
The Financial Ombudsman Service has revealed a significant 40% year-on-year increase in consumer complaints during the first half of 2024, with a total of 133,019 complaints lodged before July, up from 93,114 in the same period of 2023.
French bank Crédit Agricole is entering into a strategic partnership with GAC International, the European branch of China’s fifth largest car manufacturer Guangzhou Automobile Corporation (GAC).
The Financial Conduct Authority (FCA) is undertaking a comprehensive market study into the insurance sector, focusing on the fairness of premium finance products used for motor insurance.
Specialist automotive finance house JBR Capital is set to significantly expand its lending operations in the luxury, hypercar, and supercar markets following its acquisition by Shawbrook Group.
Several key shifts in the UK financial watchdog’s enforcement strategy could see motor retail finance providers subject to far more rapid investigations, allowing less time to respond in a fast-moving enforcement environment.
Consumer pre-approval for motor finance is becoming increasingly important as the industry shifts toward risk-based pricing, according to fintech iVendi.
Startline Motor Finance has launched its first-ever funding options for used electric cars, signalling a significant vote of confidence in the stability of the used electric vehicle (EV) market.
Motiv Finance has launched a new customer retention platform tailored specifically for independent motor finance companies.
Paragon Bank has appointed Dave Wilson as the new managing director of its motor finance division, following the retirement of Julian Rance
The FCA is urging the automotive industry to provide feedback to help reduce red-tape around any overlaps with previous guidance and Consumer Duty.
New car finance business volumes and value both dropped by 3% over the first half of 2024, according to data from the FLA.
The Financial Conduct Authority (FCA) has confirmed it will set out the next steps into its review of discretionary commission arrangements (DCA) in May 2025.
Dealers can only achieve good Consumer Duty outcomes with the technology tools needed to apply risk-based pricing models, according to iVendi.
Asset finance provider Lombard, is launching a new leasing offering specifically for electric and plug-in hybrid vehicles.
The financial watchdog at the heart of the finance mis-selling probe has hit back at Barclays’ bid to quash a key ruling.
Dealers could help car owners save at least an extra £100 million in annual charges by paying for repairs using zero-interest monthly payments, according to Bumper.
Nearly all dealers (97%) feel they need better support from finance providers to fund the purchase of electric vehicles (EV), according to the Startline Used Car Tracker.
Startline Motor Finance has significantly improved the efficiency of processing motor finance applications through the adoption of advanced biometric eSign technology.
New data released by the Finance & Leasing Association (FLA) reveals an 8% increase in consumer car finance new business volumes in April
