In today’s digital economy, every industry faces the challenge of doing more with less. Cybersecurity, a critical pillar of modern business operations, is no exception. Organisations are confronted...

In July the FCA confirmed that discretionary commission models will be banned from 28 January 2021, following a consultation in October 2019, and issued revised commission disclosure rules....

Marshall Motor Group CEO Daksh Gupta has welcomed the FCA’s move to ban interest rate commission on motor finance products, suggesting it will simplify the sales process and increase transparency....

US auto retailers are stepping up their efforts to promote their services to the consumer and to push back against increased legislation and compliance from central government. The trade association,...

By Iain Larkins, Radius Law To date, data protection law has lacked the teeth that other regulatory laws have enjoyed, but that’s all about to change. The clock is now ticking on the countdown to the...

Retailers are failing to take seriously their responsibilities to record and back up essential FCA compliance motor finance data, says iVendi. The company has found that a significant minority of...

The new consumer credit regime is fast approaching, with the FCA taking over from the OFT on 1 April this year. It’s not just a swap from one regulator to another, it is much more fundamental – and...

Ever wondered why some dealerships have no problem placing customers with a funder, while others seem to struggle? There are, as I’m sure you know, two clear steps that a finance proposal goes...

Two high profile prosecutions in Bolton and Derby, for failing to prevent the risks to employees associated with Hand Arm Vibration Syndrome have, once again, raised the issue of statutory compliance...

The NFDA has drafted some guidance for dealerships applying to the Financial Conduct Authority for Interim Permission to continue providing credit to consumers from 1 April next year. That is when the...

Manheim Retail services is advising auto retailers to prepare for new EU legislation relating to the use of online ‘cookies’, which will be enforced from May. Since 2003, anyone using...

The dealership point-of-sale finance opportunity is probably as significant now as it has been for many years. But auto retailers must accept that this is because the market dynamics have changed...

by Keith Butler Although tax compliance normally concerns only the dealership accountant or finance director, the effect of getting it wrong can have serious effects on dealership profitability and...

A telephone survey conducted by FSA Automotive for a major retail group found that 72% of customers had no recollection of the Financial Services Authority being mentioned when they bought their new...