The chief executive of the Financial Conduct Authority (FCA) has said the body recognises the record keeping challenge for some firms that could be involved in a potential motor finance redress scheme ...

Retailers should be stepping up their planning for the imminent launch of the motor finance redress scheme, says NFDA ...

LONDON (Reuters) -Lloyds Banking Group's third-quarter profit fell by 36%, it said on Thursday, and it downgraded its performance guidance for the year to reflect an 800-million-pound ($1 billion) ...

The claimants were financially unsophisticated consumers who relied on car dealerships to arrange hire-purchase finance for second-hand cars. The dealerships acted as credit brokers, receiving ...

With the FCA’s ongoing investigation into Discretionary Commission Arrangements (DCAs) and pivotal updates expected in May 2025, a recent Court of Appeal ruling has further shifted the balance in ...

FCA extends consultation to December 12 Final rules expected next February or March Industry called for more time to analyse market data Critics say proposed scheme too broad Nov 5 (Reuters) - Britain ...

Carmakers including Honda and BMW have temporarily halted sales to customers in recent days as the industry grapples with a motor finance scandal that lawyers have warned will be “bigger than PPI”.