Home/Tag: FCA

FCA confirms next stage of support for consumer credit

By |2020-09-30T14:43:54+01:00September 30th, 2020|Categories: Leasing & Finance News|Tags: , , , |

New guidance from the Financial Conduct Authority covers users of credit cards and other revolving credit, personal loans, motor finance, buy-now pay-later (BNPL), rent-to-own (RTO), pawnbroking and high-cost short-term credit (HCSTC) products and overdrafts.

iVendi calls for uniformity across online channels

By |2020-09-22T09:36:57+01:00September 22nd, 2020|Categories: Leasing & Finance News|Tags: , , |

The FCA's January deadline is only a few months away and more uniform processes and disclosures may prove to be a much more difficult task than first imagined. Lenders have different commission models across their product ranges and as such the ‘nature’ of these, to use an FCA term, needs to be disclosed against each of them.

FCA to tackle concerns about general insurance pricing

By |2020-09-22T08:20:01+01:00September 22nd, 2020|Categories: Leasing & Finance News|Tags: , |

FCA proposes that customers buying a policy online should be charged the same price as a new customer buying online. Firms would be free to set new business prices, but they would be prevented from gradually increasing the renewal price to consumers over time (known as 'price walking') other than in line with changes in customers’ risk.

FCA Discretionary Commission, can this benefit motor finance?

By |2020-09-01T12:30:05+01:00September 1st, 2020|Categories: Leasing & Finance News|Tags: , , , |

Quotevine Chief Executive Daniel Layne said some concerns remain over areas of the ban, and more clarity is needed – including specific definitions around which vehicles it applies to – as well as the potential for unintended consequences such as dealers exploiting the loophole left by excluding personal contract hire (PCH) from the changes, in order to make up lost revenue.

Stay safe from cyber attack with the Leasing Broker Federation and Focus Group

By |2020-05-01T10:19:28+01:00May 1st, 2020|Categories: Leasing & Finance News|Tags: , , , , |

The functions required to run your business – email, browsing, cloud, WiFi, software, hardware – are all vulnerable to attack, leaving you exposed to viruses, data breaches, loss of data and loss of connectivity.

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