The Financial Conduct Authority has joined forces with the Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and Advertising Standards Authority (ASA) to address poor practices among some claims management companies (CMCs) and law firms involved in motor finance claims.
The Financial Conduct Authority (FCA) has published its consultation paper relating to the motor finance redress scheme that follows August’s Supreme Court ruling. The consultation will run until 18 November with an expectation that the scheme will be operational early next year.
The Financial Conduct Authority (FCA) has published its priorities under Consumer Duty for 2025/2026. The regulator makes it clear that the Duty remains a priority for its work and is relying on the Duty as much as possible rather than creating new prescriptive rules.
Registrations will shortly close for next week's Leasing Broker Conference. Members wishing to attend the event next Thursday (9 October) need to confirm tickets this week.
On Thursday 9 October, the BVRLA Leasing Broker Conference will take place at Coventry’s Advanced Manufacturing Training Centre (AMTC). The packed agenda is designed to help brokers navigate today’s regulatory challenges while seizing fresh opportunities for growth.
The BVRLA’s second Compliance Forum of the year took place earlier this week at Shoosmiths in Birmingham. As ever, the latest changes and developments impacting the regulatory landscape were explored, with a host of expert speakers identifying where technical changes impact BVRLA members and their operations.
Customer expectations in the motor finance sector are shifting rapidly, shaped by an evolving media landscape, wider economic pressures, and high-profile court cases influencing perceptions of how finance is delivered.
The Competition and Markets Authority (CMA) has published a consultation on the Digital Markets, Competition and Consumers Act 2024 (DMCCA) draft guidance for businesses on the price transparency provisions.
The Financial Conduct Authority (FCA) is undergoing a period of active engagement with industry representatives to shape a consultation on a motor finance redress scheme. The redress consultation is due to run from October, with a scheme likely to be in place by early 2026.
This autumn’s BVRLA Leasing Broker Conference (LBC) will bring together some of the most influential voices shaping the regulatory and economic landscape, with senior speakers confirmed from both the Financial Conduct Authority and the Bank of England.
The Supreme Court’s long-awaited ruling on the motor finance case “Hopcraft and another (Respondents) v Close Brothers Limited (Appellant)” was delivered on Friday.