The FCA warns UK motor finance firms to maintain financial resources during an investigation into car finance products and overcharging.
The UK's Financial Conduct Authority (FCA) warns motor finance firms to maintain adequate financial resources amid an ongoing probe into car finance products and potential overcharging. The FCA noted that firms are struggling to provide necessary data for the investigation, and urged them to plan for additional operational costs from increased complaints and to meet the costs of resolving those complaints.
April 12, 2024
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