Earlier this year, the Financial Conduct Authority (FCA) published proposals for a new Consumer Duty that would set clearer and higher expectations for firms' standards of care towards consumers. Sushil…
The automotive sector has seen substantial change in the last few years, not all of…
2020 was a year like no other bringing significant changes to travel patterns, business operations and working life. David Bushnell,…
There has been an increase in claims management activity regarding complaints and claims alleging irresponsible lending. Martin Ward and Gary…
These are unprecedented and extremely difficult times for the motor finance industry. Lenders are grappling with constantly changing Financial Conduct…
Data compiled by GlobalData from various European trade associations shows that the Western European light vehicle market fell by 79.3%…
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…
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…
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…
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…
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…
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