FCA confirms payment deferral proposals
November 4, 2020
FCA said it is important that borrowers who can afford to make repayments continue to do so and urged consumers not to contact their lender until the enhanced measures are
FCA survey reveals concern over finance repayments
October 22, 2020
A survey of more than 7,000 people, conducted by the FCA during the Coronavirus pandemic, found 12 million people in the UK had low financial resilience, meaning they may struggle
Coronavirus downturn very different to 2008 crash
August 5, 2020
Many or even most of the people who are now senior managers in motor finance companies were already working in the sector during the 2008 crash and there is a
CORONAVIRUS SPECIAL – Getting back to work
June 11, 2020
Since March the Covid-19 pandemic has seen business almost come to a complete standstill and as lockdown eases and the industry gets back into gear, are you ready and what
Back to work – make sure the office is Covid-19 safe
June 9, 2020
The coronavirus outbreak has changed life as we know it and forced businesses from all sectors to adapt quickly and change the way they operate. The most important thing is
End of lockdown – how are you getting ready
May 28, 2020
Four questions to help everyone understand how the broker business moves forward when lockdown eases
Have you got the right safety systems for a return to work?
May 13, 2020
Newly developed barriers that can help you and your teams to prepare to return to work and regain lost revenue to grow your business again.
FCA confirms support for motor finance
April 24, 2020
Temporary measures include a three-month payment freeze for motor finance customers who are having temporary difficulties meeting finance or leasing payments due to the pandemic.
How soon can the market start delivering again?
April 23, 2020
The Covid-19 pandemic will change the way we do business and could provide an opportunity to further advance the way in which the motor finance sector handles customer relationships.
Finance companies move to offer payment holidays
April 20, 2020
This follows last week’s announcement from the Financial Conduct Authority calling on motor finance firms to help customers during the lockdown period.
FCA proposes three-month motor finance freeze
April 17, 2020
If a payment freeze isn’t in the customer’s interests, firms should offer an alternative solution, potentially including the waiving of interest and charges or rescheduling the term of the loan.
Car finance market shows first sign of contraction in February
April 14, 2020
The economic impact of the coronavirus is expected to lead to a contraction in private consumption in the second quarter greater than reported in any quarter during the financial crisis.
Call for logistics sector to restart vehicle deliveries
April 9, 2020
Logistics companies have ceased deliveries to protect drivers as well as to adhere to the Government’s wishes to cut unnecessary journeys.
FCA to announce support for motor finance consumers
April 9, 2020
Authority has already confirmed a package of targeted temporary measures to help people with some of the most commonly used consumer credit products.
How are you coping with the Covid-19 pandemic?
April 7, 2020
LBF members are working with businesses to extend car and van contracts as well as mitigate potential charges. Businesses may be suffering financial difficulties, while others may need to extend
