Branch² Intelligence
Joint taskforce continues crack down on misleading car finance claims adverts
Key takeaway
FCA-led taskforce has removed or amended 1,200 misleading car finance adverts since Jan 2024, issued 8 alerts against unauthorised firms.
- Step 1FCA-led taskforce removes 1,200 misleading car finance adverts and issues 8 alerts against unauthorised firms.
- Step 2Reduced volume of speculative compensation claims lowers legal and operational costs for motor finance lenders.
- Step 3Legitimate claims management firms and law firms gain market share as consumers shift to compliant advisers.
Source: FCA News
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