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UK FCA gets permission to intervene in landmark car-finance hearing

By Sofia Gerace ( February 18, 2025, 11:25 GMT | Insight) -- The UK's Financial Conduct Authority has been granted permission by the Supreme Court to intervene in the landmark car-finance hearing that will define the future of the industry, after lenders came under increased scrutiny over the use of hidden commissions. The Finance & Leasing Association — a top trade group — was denied permission, MLex understands. The finance ministry was also denied permission.The UK Financial Conduct Authority has been granted permission to intervene in the landmark car-finance hearing that will define the future of the industry....

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