Cars: Loans

Question

As the UK’s independent regulator, the FCA is responsible for regulating the motor finance market. It has robust powers to protect consumers and is currently investigating historic practices in the motor finance sector.

The government is aware of the recent Court of Appeal ruling in relation to commission practices in the motor finance sector. We are working closely with the Financial Conduct Authority (FCA) and Prudential Regulation Authority to understand the implications of the judgement.