The FCA’s 360-page consultation on a motor finance commission scheme, published last week, is very clearly designed to protect the regulator from a Judicial Review.But my reading of the proposals is that the FCA would have failed to follow the right procedures, and be exposed to a JR risk, if it were to finalise the scheme based on its current proposals, because there is a key missing link in its analysis: the lack of a basis for rebuttal for cases where the customer paid a c

How the FCA's motor finance commission redress scheme appears to be firming up, based on the FCA's evidence to the House of Commmons Treasury Committee.

There's been a lot of commentary on the problems around designing a motor finance commissions redress scheme, but few suggestions about how to overcome the challenges. Here I set out how I see redress working in a way that is fair to both consumers and the industry, and in line with the the FCA's Principles of a motor finance redress scheme.

This article was originally published on LinkedIn on 30 July 2025 As many posts here on LinkedIn may have already mentioned, the Supreme...

The UK Government confirmed today its £650 million Electric Car Grant (ECG) scheme, which will provide subsidies of up to £3,750 to buyers of new electric cars priced up to £37,000. An alternative scheme could support buyers of used electric cars, along the lines of Motability.

Two apparently diametrically opposed views of the likely extent of redress over car finance commissions were given. On his ITV Show, Money Show Live, Martin Lewis suggested that the FCA had indicated that if there is to be redress, finance companies will process it automatically. Just hours earlier, at a meeting of the Treasury Select Committee, Lloyds Banking Group’s CEO Charlie Nunn stated that there was no evidence of harm.

What to expect from the Supreme Court's motor finance commissions case and how finance companies can prepare for FCA redress guidance

It may initially seem counter-logical but in this article, I set out why taking around 25,000 'secondary' credit brokers outside of FCA regu

A commentary on the Court of Appeal judgement on motor finance

Today’s FCA Final Notice to Volkswagen Financial Services (UK) Limited leaves little doubt that VWFS made some major errors in its collectio

Understanding the FCA's update on its work on the motor finance market in relation to commission complaints

In various previous articles, I have covered why Difference in Charges (DiC) commissions should, in general, be in customers’ interests....