RE: Re-rate coming soon?24 Jan 2024 15:56
FYI
The Financial Conduct Authority has appointed a third-party independent expert to consult with car loans firms as the regulator progresses its review of historic discretionary commission arrangements.
A sample of motor finance firms have been contacted already, the FCA said, and it wants the skilled expert it has appointed to review them rapidly but thoroughly to identify whether there has been a risk of consumer harm by historic discretionary commission agreements provided to car dealers by their motor finance partners.