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UK law firms, claims management companies warned over car finance claims

( July 31, 2025, 09:11 GMT | Official Statement) -- MLex Summary: Law firms and claims management companies have been warned by regulators that they must advise potential car finance claimants about the availability of free-to-claim alternatives before signing an agreement with them. In a joint update, the Financial Conduct Authority and the Solicitors Regulation Authority said they have become increasingly concerned about the volume and accuracy of marketing materials issued by law firms and CMCs, ahead of a Supreme Court ruling on the legality of hidden commissions which affected banks have prepared for by setting hundreds of millions of pounds aside to cover potential claims.  Statement below....

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