The Financial Conduct Authority has appointed a third-party independent expert to consult with car loans firms as the regulator progresses its review of historic discretionary commission arrangements.
Bill Brower, Solera’s SVP of industry relations & claims, regulation applies to the B2B world as much as within the consumer space.
Close Brothers Premium Finance has signed a new five-year contract with Brown & Brown’s UK network business Hedron Network.
The success of the EV market could pivot on two big political issues: the prospect of subsidies and the outcome of the forthcoming General Election.
Two recent car loan misselling cases heard by the Financial Ombudsman Service (FOS) against Black Horse Motor Finance and Barclays Partner Finance have been mentioned by the FCA as particularly influencing its decision to dive deeper into this issue.
Carmoola, the online car finance start-up has secured a further £15.5 million in venture capital funding.
Whether a manufacturer or dealer, maintaining competitive advantage is no longer about the cars you make and sell; it’s about product, service and brand
The Financial Conduct Authority could implement a simplified claims process if it deems there has been widespread unfair treatment of car buyers due to discretionary commission agreements between lenders and car dealers or brokers.
Historical arrangements used by motor finance firms to pay commission to car dealers and brokers are being reviewed by the Financial Conduct Authority in case consumers have not been treated fairly.
The pressure on UK motor retailers to identify vulnerable customers ahead of the motor finance sales process has increased since the arrival of the latest regulatory regime, and Jonathan Barrett, chief executive of Comentis, shares his thoughts on what this means for regulated firms.
The UK financial watchdog is considering imposing fees on claims management companies after complains about motor finance surged
Dealers should prepare for a potentially higher level of scrutiny from regulators following news that complaints about motor finance agreements have doubled.
Aftermarket measurement data provider Factor Sales has appointed Alex Jenner as its new business development manager.
BYD UK has appointed Santander Consumer Finance as its dealer finance partner.
Car finance fintech Carmoola is claiming achieved an industry-first integration with Apple Pay allowing customers to pay directly through their Apple Wallet.
Phillip Williams, founder and non-executive director at Oodle Car Finance, looks at what Consumer Duty means in practice and offers some pointers on navigating the new regulations.
While watched by the Financial Conduct Authority, finance and insurance still delivers welcome profit for car dealers. Debbie Kirlew reports
Mike Todd, chief executive of Volkswagen Financial Services UK, ponders the need for motor retail to offer options which cater for all preferences, now and in the future.
Northridge Finance has appointed Spencer Halil as managing director, replacing James McGee who announced his intention to retire earlier this year.
Tamworth-based LKQ Euro Car Parts has launched its first ever finance graduate scheme to create new pathways for young people
