The Court of Appeal has unexpectedly allowed all three appeals against Discretionary Commission Arrangement (DCA) claims that were previously dismissed by regional courts around England. Three cases...
Read moreNew analysis from online search visibility company Sistrix has revealed a huge spike in online search volume for ‘Martin Lewis car finance’ that coincides with the FCA’s investigation into...
Read moreThe FCA is likely to delay its judgement on Direct Commission Arrangements (DCA) beyond its 26 September deadline due to an ongoing court case, senior lawyers told attendees at a VRA member meeting...
Read moreMARSHALL TO REPLICATE PENRAGON DIVISIONS? FCA DCA DEADLINE PUSHBACK INTO 2025 ‘LIKELY’ AUTO RETAILERS IN RICH LIST 2024 FIRST FISKER RETAILER OPENS IN NOTTINGHAM AUTO RETAIL LIVE BUSINESS BOOSTER...
Read moreMotorists anticipating a PPI-style windfall from historic discretionary commission Arrangements (DCA) may have longer to wait following action last week by Barclays. The bank has filed a legal...
Read moreBARCLAYS DCA MOVE MAY DELAY COMPENSATION MORE BIG MOTORING WORLD RESIGNATIONS CONSTELLATION CLOSES CAR SUBSCRIPTION SERVICE TESLA ‘ZERO SERVICE’ PLANS VINFAST SEEKS NETWORK DEVELOPMENT MANAGER BMW...
Read moreFCA chief Nikhil Rathi said last week it was “improbable we will find nothing to report as we look at historic motor finance sales”. Some companies were ‘almost certainly’ guilty of failings...
Read moreFCA: COMPANIES ‘ALMOST CERTAINLY’ GUILTY OF DCA FAILINGS STRATSTONE BYD BIRMINGHAM ‘PERFECT’ TRIUMPH ALEX CHESTERMAN TO SHARE £30m WINDFALL CATCH UP WITH AUTO RETAIL LIVE VOLVO EYES DTC IN...
Read moreBanks are in a “holding pattern” as the FCA investigates whether there has been systematic harm with discretionary commission models, says Kate Robinson from regulatory adviser Avyse Partners....
Read moreThe FCA says it is “disappointed with the market’s response to our warnings to improve the value of GAP insurance for customers”. The finance regulator was responding to reports last week it was...
Read moreFCA: ‘NO INTENTION OF BANNING GAP INSURANCE’ AUTO TRADER TRENDED VALUATIONS OPEN TO ALL FORRESTER AND VEICHMANIS JOIN AUTO RETAIL LIVE RETAILER EMPLOYEE GUILTY OF FRAUD WITH PRE-PAYMENT CARDS...
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