You can access the full consultation here.

This consultation has wide-ranging implications for lenders active in the motor finance market and will be a priority issue for the CCTA over the coming weeks. Our team has been in active dialogue with members, non-members, and key regulators — including the FCA, FOS, and HM Treasury – to ensure the sector’s views are well represented.

The FCA has also indicated a strong interest in direct engagement with lenders and brokers. They are organising a series of online briefing sessions and will be contacting firms to register interest if they haven’t already done so.

To support our members, the CCTA will also be hosting a dedicated online member session to:

• summarise the key proposals in the FCA consultation
• highlight areas of particular importance to CCTA lenders
• gather initial member feedback to inform the CCTA’s collective response
• provide an opportunity for live Q&A with our presenters.

The CCTA will continue to engage closely with the FCA and other stakeholders to ensure that any final approach to redress is fair, proportionate, and reflective of the realities of the motor finance sector.