A number of regulatory bodies are working together to tackle high fees charged by claims management companies dealing with motor finance claims. The Financial Conduct Authority (FCA), Solicitors Regulation Authority […]
The Financial Conduct Authority has confirmed it will consult industry in October about a compensation scheme for motor finance customers. Dealers and finance companies faced a bill estimated to be […]
The UK’s new and used car market has been elevated by £21bn in car finance in the past year, according to new figures from the Finance and Leasing Association. It […]
Dealers can now host their own online car finance price comparison tool on their website. Developed by iVendi, Finance Navigator for Consumers takes data from a range of participating lenders […]
The automotive industry has called for a swift resolution to the car finance scandal after the FCA said it would launch a compensation scheme in October. The Supreme Court ruled […]
Dealerships and car finance companies have avoided compensation payouts to motorists of up to £40bn after a Supreme Court ruling on commissions. It ruled that hidden commissions from lenders to […]
Consumer car finance new business volumes fell by two per cent in May compared to the same month in 2024. This is according to figures released by the Finance & […]
New figures released by the Finance & Leasing Association (FLA) have revealed the first fall in the car finance market in more than six months. Its data has shown that […]
Car finance broker CarMoney has joined the Finance & Leasing Association (FLA) to support responsible lending. FLA members provide more than £100bn in new finance each year and play a […]
Automotive finance solutions provider Payment Assist has launched a new business lending division. The move expands the company’s offering to include merchant cash advance, business loans, invoice finance and business […]
New figures from the Finance & Leasing Association (FLA) revealed that consumer car finance volumes grew in March 2025 by 11% compared with the same month in 2024. The corresponding […]
New research from Startline Motor Finance has revealed that 72% of motorists would switch to an electric vehicle if it offered 250 miles of range and charging times of five […]
