Cars: Loans
(asked on 11th January 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent discussions he has had with the FCA on the prevalence of overcharging for car finance loans before 2021.
This question was answered on 16th January 2024
The government is working closely with the FCA, the FOS, and the motor finance industry to monitor the potential impact of complaints made about motor finance commission practices.
The FCA has confirmed that it will be taking steps to investigate historic practice in the motor finance sector.