News & Regulatory Updates

News

04/03/2019
James Hinch

Financial Conduct Authorities final findings on the motor finance review

The Financial Conduct Authority (FCA) released their final findings from the motor finance review. Now the FCA is considering changes to the way in which commission works in the motor finance sector after uncovering serious concerns about the way in which lenders are choosing to reward car retailers and other credit brokers. The FCA found

01/03/2019
Nicholas Murphy

NACFB launches standardised Bridging Finance Enquiry Form

The NACFB has made available a standardised Bridging Finance Enquiry Form, for use by brokers introducing short-term bridging loans to lenders. The form, available to download via the NACFB Compliance website, aims to increase the quality and consistency of client information a broker passes on to a lender. The launch of the Bridging Finance Enquiry

15/02/2019
James Hinch

Brexit briefings for regulated firms

The Financial Conduct Authority (FCA) are hosting two events for regulated firms in preparation for the UK leaving the European Union. These events will take place in London on 11 March and Edinburgh on 14 March. Both will be livestreamed and include the opportunity for viewers to submit questions.  The Executive Director of International, Nausicaa Delfas, who is

08/01/2019
James Hinch

Motor Finance Review update

Back in March 2018, NACFB Compliance posted an article about the Financial Conduct Authority’s (FCA) Motor Finance review update. The update, which can be located here,  update on our review of the motor finance sector (PDF), set out the FCA’s findings so far and the areas of concern that would be in focus on for the remainder

14/12/2018
James Hinch

London company fined after 14.8m spam texts sent

London-based firm Tax Returned Limited has been fined £200,000 by the Information Commissioner’s Office (ICO) for sending out millions of unsolicited marketing text messages. The ICO’s investigation found that, between July 2016 and October 2017, the company broke the law by sending 14.8 million marketing text messages without valid consent through a third party service provider. As

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