The FCA has announced an update on the Motor Finance Compensation Scheme consultation, confirming that the consultation period has been extended. Originally due to close on 18 November, the new deadline is now 12 December 2025.   The regulator also expects to publish final rules

The regulatory landscape for financial services firms continues to evolve. Political pressure to promote growth is increasing, yet firms must still demonstrate their full commitment to the FCA’s Consumer Duty. At the same time, they are expected to deliver good customer outcomes through outcomes-based regulation

In this third excerpt from our recent webinar on the FCA’s new motor finance redress scheme, TCC Group’s subject matter experts, Garry Evans and Mike Morris explore why early preparation is critical. They break down how firms can approach remediation strategically, covering everything from operational

In this second excerpt from our recent webinar on the FCA’s new motor finance redress scheme, Garry Evans and Mike Morris break down what firms need to do now to prepare effectively. In this segment, they focus on the case for early preparation, exploring practical

A turning point in motor finance regulation The FCA’s motor finance redress consultation is a pivotal development for firms operating in the sector. Unlike previous announcements, this consultation sets out clear expectations on how businesses should identify affected customers, calculate redress and manage remediation efficiently.