Branch2 Intelligence
Motor finance scheme partially suspended
Key takeaway
Upper Tribunal partially suspends motor finance scheme, pausing work that may be overturned by legal challenge.
- Step 11st-order: Upper Tribunal partially suspends motor finance scheme, pausing work that may be overturned by legal challenge.
- Step 22nd-order: Motor finance firms avoid immediate redundant compliance costs, but face prolonged regulatory uncertainty and potential higher total redress if challenge succeeds.
- Step 33rd-order: UK SME auto dealers and finance brokers face delayed resolution of commission disclosure liabilities, impacting balance sheet provisions and lending capacity.
Source: FCA News
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