The Financial Conduct Authority has extended the deadline for its consultation on its motor finance compensation scheme. It proposed the scheme last month after it was found that motor finance […]
About 14 million drivers can expect payouts of around £700 as a result of a motor finance compensation scheme proposed by the Financial Conduct Authority. It estimates total the total […]
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 […]
About 270,000 drivers will receive £200m in compensation after the FCA found motor insurers had underpaid policyholders for stolen or written-off vehicle claims. The backdated payouts for historic claims come […]
Dealers have been warned they could face scrutiny from the Financial Conduct Authority around the sale of value-added products (VAPs) and warranties. Recent investigations into hidden commissions has turned the […]
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 […]
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 […]
The Financial Conduct Authority has said high motor insurance premiums are partly down to the way insurers manage claims. It said that motor insurance prices have been driven up by […]
A landmark ruling on commissions paid in motor finance will go to appeal, the Supreme Court has said. The ruling in October deemed that paying undisclosed commissions in car finance […]
Volkswagen Financial Services has been fined nearly £5.4m by the Financial Conduct Authority (FCA) for failing to treat vulnerable customers fairly. The company has also agreed to pay more than […]
The Financial Conduct Authority is giving car finance companies more time to respond to customer complaints around commissions charged when buying car. It launched an investigation into discretionary commission arrangement (DCAs) […]
The Labour Party has promised to make funding available to councils to repair a million potholes a year if it comes to power next month. Addressing the issues of potholes […]
