Final findings report by the FCA
The Financial Conduct Authority released its much awaited Motor Finance - Final Findings paper (“Final Findings”) on Monday 4th March 2019.
Shoosmiths has responded rapidly with a detailed analysis of those Final Findings based on what we have learned from our clients, and from our significant work in this sector.
Our series of detailed articles focuses on the key themes coming out of the report and offers some opinions on what the next steps might look like from the industry and the regulator. We focus on (i) commission (ii) information transparency (iii) lender controls (iv) affordability and (v) litigation risk factors arising from the Final Findings.
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