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BVRLA response FCA motor finance update

BVRLA response FCA motor finance update
Release Date: 
15/03/2018

The British Vehicle Rental and Leasing Association (BVRLA), whose members provide personal finance on more than 1.6 million vehicles in the UK, has welcomed today’s update on the FCA’s motor finance work.

Commenting on the report’s findings, BVRLA Chief Executive Gerry Keaney said:

“We welcome the FCA’s interim report on motor finance and the chance to work constructively with the FCA in developing our industry-leading best practice programme.

“Supported by our self-regulatory code, training programme, governance regime and alternative dispute resolution service, BVRLA members have well established standards in place to ensure that customers are treated fairly.

“Motor finance is essential for helping families who are just about managing gain access to vehicles. We are fully committed to working with the FCA throughout the remainder of its review to address any areas of concern, and to ensure that BVRLA members are leading the development and implementation of best practice.”