The FCA's focus on transparency, particularly around commission disclosure is re-shaping the car finance industry. One of the most concerning consequences of reduced margins is the potential impact on customers. With fewer affordable financing options available, some consumers might turn to higher-risk alternatives, including loan sharks. This session will explore how the car finance industry can mitigate these risks, offer support to vulnerable customers, and maintain access to safe, responsible credit.
- Lack of investment into the industry due to funders not being interested since the FCA changes
- impact on innovation
- Explore ways the industry can collaborate to support vulnerable customers and safeguard against negative outcomes
- What can other industries learn from the impact of commission disclosure?
Coldra Wood, The Usk Valley
Chepstow Rd
Newport NP18 1HQ
United Kingdom