FCA to give car finance sector more time to handle surging complaints

Q: How long will it take to read this news story?

The story "FCA to give car finance sector more time to handle surging complaints" has 650 words across 26 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "FCA to give car finance sector more time to handle surging complaints" was covered 10 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 13 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23568142</li><li>URL: https://beamstart.com/news/fca-to-give-car-finance-17314872246699</li></ul>

Financial Times 10h ago

FCA to give car finance sector more time to handle surging complaints - Financial Times

Quick Summary:

It found that other forms of motor finance commissions, including fixed fees, were also unlawful unless they were properly disclosed to customers.

The FCA said it had spoken to 63 lenders and consumer representatives about the impact of the court ruling, which has raised concerns in government about disruption to the availability of credit for car purchases.

The watchdog’s chief executive Nikhil Rathi and chair Ashley Alder are likely to be asked about the upheaval in car financing when they appear before the House of Lords financial regulation committee later on Wednesday.