In the second in our series of Regulation Tomorrow Plus podcasts on the FCA’s intervention in the motor finance sector, we take a detailed look at the Financial Ombudsman Service (FOS)’s decisions upholding specific complaints in relation to historical discretionary commission arrangements. The decisions were one of the catalysts for the action the

On 12 April 2024, the FCA issued a statement on its website reminding motor finance firms that they must maintain adequate financial resources at all times.

Earlier this year the FCA announced that it was using its powers under the Financial Services and Markets Act 2000 to review sales of historical motor finance discretionary commission

On 16 November 2023, the FCA announced that it has recently reviewed its interpretation of the consumer credit legislation for Limited Permission secondary credit brokers, and specifically how the legislation applies to credit broking firms whose main business activity is the supply of non-financial services.

As a result of that review, firms that were authorised

On 16 November 2023, the FCA announced that it has recently reviewed its interpretation of the consumer credit legislation for Limited Permission secondary credit brokers, and specifically how the legislation applies to credit broking firms whose main business activity is the supply of non-financial services.

As a result of that review, firms that were authorised

On 14 November 2023, the FCA published a set of diagrams intended to act as an aid to understand the proposals set out in its Consultation Paper CP23/21 on consumer credit – product sales data reporting. For more detail on CP23/21, please see our previous blog.

These documents have been prepared with the aim

On 14 November 2023, the FCA published a set of diagrams intended to act as an aid to understand the proposals set out in its Consultation Paper CP23/21 on consumer credit – product sales data reporting. For more detail on CP23/21, please see our previous blog.

These documents have been prepared with the aim

On 9 November 2023, the European Banking Authority (EBA) published a consultation paper on draft guidelines on complaints-handling of credit servicers under Directive (EU) 2021/2167 on credit servicers and credit purchasers (otherwise known as the NPL Directive).

The main purpose of the NPL Directive is to foster the development of secondary markets for

On 9 November 2023, the European Banking Authority (EBA) published a consultation paper on draft guidelines on complaints-handling of credit servicers under Directive (EU) 2021/2167 on credit servicers and credit purchasers (otherwise known as the NPL Directive).

The main purpose of the NPL Directive is to foster the development of secondary markets for