Resource Library

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.

The Financial Conduct Authority (FCA) wants to make applications to become FCA authorised quicker and easier for firms.

The Financial Conduct Authority (FCA) is preparing to launch an industry-wide redress scheme aimed at compensating consumers affected by historic unfair motor finance practices. This marks a significant regulatory intervention, with wide-ranging implications for Firms across the sector. While the concept of a redress scheme will be covered in a separate document (link at the bottom of this page), we have asked Luis Hernandez at S&W Partners to prepare some insights which focus on the practicalities, expected scope, and what Firms should be doing now to prepare for the scheme when it comes.

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.

A £1 million campaign has been launched to let motor finance customers know they don’t need to use a claims management company (CMC) or law firm to access an industry-wide compensation scheme the regulator is proposing.

A new anti-fraud law came into effect on 1 September 2025, designed to hold large organisations to account if they profit from fraud.

The Compliance Forum returns on 15 September, once again hosted by Shoosmiths in Birmingham. Wayne Gibbard, Partner at Shoosmiths, a popular speaker at the Forums, will be presenting the keynote.