Challenges facing the automotive market in 2021 and beyond
The automotive sector has seen substantial change in the last few years, not all of which has been driven by the Covid pandemic. Gowling’s Stuart Young writes. Fluctuating fuel prices,…
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Charging towards an electric future
2020 was a year like no other bringing significant changes to travel patterns, business operations…
Affordability and irresponsible lending
There has been an increase in claims management activity regarding complaints and claims alleging irresponsible lending. Martin Ward and Gary…
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…
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%…
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…
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…
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…
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 Feb 2020
Commission models: so little time, so much to do
With 2019 behind us, the FCA’s work on commission models and disclosure will doubtless be keeping many busy, as firms build broker remuneration packages to ensure a competitive position in…
11 Oct 2019
Is the dealer OUR agent when repairing?
Mel Chell, partner and head of asset-based lending recoveries at Shoosmiths, discusses a point of case law that could affect funders and OEMs over the consumer’s right to reject a…
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