MotorFinance

FCA Urges Supreme Court to Expedite Decisions on Motor Finance Cases

1 month ago

The Financial Conduct Authority (FCA) has taken a pivotal step in the ongoing legal battles surrounding motor finance agreements by submitting a request to the Supreme Court for swift resolutions to significant cases involving the finance sector. This move comes as the FCA aims to clarify critical legal questions that have arisen from the contentious nature of motor finance practices. The FCA's petition is seen as a vital effort to streamline the judicial process for consumers and financial institutions alike.

Santander Anticipates Under $600 Million Impact from UK Motor Finance Adjustments

2 months ago

In a recent announcement, Banco Santander revealed its expectations regarding the potential financial repercussions related to adjustments in its UK motor finance operations. The bank is projecting that the impact will be less than $600 million, signaling a more manageable outcome than initially feared.