Discretionary commission arrangements (DCAs) in motor finance have been a hot topic for some time, first coming to the FCA's attention in 2017/18 during its investigations into vehicle finance. The ...
The UK Supreme Court is reviewing commission payments in motor finance, focusing on lenders' liability where commissions are undisclosed or partly disclosed. While Irish rules already ban DCAs, the ...
The financial regulator has said millions of people who were mis-sold car finance could be entitled to less compensation than it had previously suggested. The Financial Conduct Authority (FCA) said ...
Victims of car finance mis-selling will likely get less than £950 per deal under a compensation scheme proposed by the financial regulator, with the first payouts expected next year. The Supreme Court ...