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UK car finance lenders needn't respond to complaints about commissions until December 2025

( December 19, 2024, 09:19 GMT | Official Statement) -- MLex Summary: UK car finance lenders will be able to pause their responses to complaints related to commissions until December 2025, the Financial Conduct Authority said. The deadline initially only applied to discretionary commissions arrangements given the review that the regulator was conducting on the matter. The extension for all types of commissions follows the latest court ruling making unlawful all commissions that are not declared to customers. Firms given until December 2025 to respond to motor finance commission complaints...

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