Affordability and irresponsible lending
There has been an increase in claims management activity regarding complaints and claims alleging irresponsible lending. Martin Ward and Gary…
27 Jul 2020
To repossess or not to repossess, that is the question!
These are unprecedented and extremely difficult times for the motor finance industry. Lenders are grappling with constantly changing Financial Conduct Authority (FCA) guidance, communications to customers, high call levels from…
27 Jul 2020
Hard hit Western European light vehicle sales may need a kickstart this year
Data compiled by GlobalData from various European trade associations shows that the Western European light vehicle market fell by 79.3% in April as COVID-19 lockdowns exerted their toll on vehicle…
11 May 2020
01 May 2020
What does the FCA really want from credit brokers?
It’s fair to say that firms are always keen to know ‘what’s coming’ from the FCA in order to anticipate the regulator’s concerns. Typically, this has been achieved by looking…
01 May 2020
30 Apr 2020
Dealing with Vulnerable Customers – Eversheds Sutherland
The fair treatment of vulnerable customers by creditors is a continuing focus of the regulators. Given the risk of large fines and customer redress payments, motor finance providers should consider…
30 Apr 2020
04 Mar 2020
The breathing space scheme and the effects on the motor finance industry
The Breathing Space and Statutory Debt Repayment Plans (together ‘the Scheme’) are at the heart of the government’s proposals to tackle rising problem debt. The final Scheme proposals have been…
04 Mar 2020
03 Mar 2020
The new EV target needs joined-up thinking and a clear direction of travel
On 4 February, UK Prime Minister Boris Johnson announced plans to bring forward the ban on petrol and diesel cars by 15 years to 2035. Ragi Singh, partner and head…
03 Mar 2020