Financial Conduct Authority (FCA)
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Market Insight 23 JulFCA issues draft guidance on dealing with vulnerable consumers
New draft guidance from the Financial Conduct Authority should help dealers in their sales of finance and insurance to vulnerable consumers.
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Car Dealer News 25 JunStock Exchange reacts to FCA investigation of Lookers’ sales processes
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
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Finance 12 JunFCA action drives change to 'buy now, pay later' finance
The Financial Conduct Authority is freeing consumers from full back-dated interest charges when they partly pay amounts owed under ‘buy now, pay later’ (BNPL) finance deals.
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Finance and insurance 24 AprDoes FCA motor finance review spell the end for DiC schemes?
The FCA’s inquiry raised serious concerns about car dealers and brokers manipulating finance rates to increase commissions
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Finance 21 MarFCA prepares for new senior manager regime roll-out
The FCA’s executive director of supervision for retail and authorisations has warned its focus on affordability, business models and culture will not shift.
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Finance 5 MarFinancial Conduct Authority's motor finance review suffers from outdated information, claims FLA
Motor industry groups have given a mixed response to yesterday’s report from the Financial Conduct Authority, which highlighted certain dealer reward structures in motor finance and a need for clarity about commission payments.
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Finance 4 MarFCA motor finance review: dealers are failing to disclose commission
The Financial Conduct Authority has analysed loan data from 20 motor finance providers, plus its own mystery shop exercise and a survey of lenders that examined how they assess affordability and exercise control over credit brokers including car dealers.
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Finance 4 MarSome finance commissions face ban as Financial Conduct Authority publishes its motor finance review
The Financial Conduct Authority is considering banning certain commission models in the motor finance sector due to its concerns about harm to consumers.
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Finance 21 JanAlphera rewards FCA compliance with new finance sales incentives
Alphera has launched a new car finance incentive scheme which has been designed with the specific purpose of promoting FCA compliance among car retailers.
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Opinion 12 NovTime to be open about dealer finance expertise, a guest opinion
With the Financial Conduct Authority (FCA) set to publish the findings of its review of the motor finance sector in November, it’s fair to say that car dealer sales practices have never been under greater scrutiny than over the last 12 months.
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Opinion 30 OctGuest opinion: Time to be open about dealer finance expertise
Alphera Financial Services comments on the upcoming FCA findings of the motor finance sector and urges dealers to be more transparent with financial information
