Tag: Consumer Duty

Comments Off on New FCA Clampdown on Motor Finance

New FCA Clampdown on Motor Finance

Motor finance sales are to come under a new investigation by the FCA which has said it will use its powers under the Financial Services and Markets Act to review historical car finance commission agreements and sales. “Significant dispute” It follows a high volume of complaints and “significant dispute” between some car finance firms and […]

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Comments Off on FCA Extend Period of Implementation on Consumer Duty

FCA Extend Period of Implementation on Consumer Duty

Retailers have been given an extra three months to implement the FCA’s new Consumer Duty. The extra time will allow them to “fundamentally improve” how they sell finance to consumers. The new Consumer Duty guidance from the FCA will concentrate on “good outcomes” rather than giving specific legislation. While the new Consumer Duty focuses on […]

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