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,…
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…
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…
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…
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…
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…
© Copyright Verdict Media Limited 2021
Powered by 