CCTA View

Today, the FCA has published its long-awaited consultation on a proposed redress scheme for motor finance commission complaints. At the recent CCTA Annual Conference, the FCA confirmed that the consultation would launch this week – and it’s now live.

It’s been one week since the CCTA Annual Conference – and what an invigorating, insight-packed day it was. A huge thank you to the sponsors, speakers, and all the delegates who made it such a compelling event.

Reform of the financial redress system is long overdue. It is something that the CCTA has campaigned for over the years. We are pleased to see progress and plans for further changes. However, if change is to last, it must be sustainable for all types of firms. One that also balances the interests of consumers and firms. For the industry, …

Reform of the financial redress system is long overdue. It is something that the CCTA has campaigned for over the years. We are pleased to see progress and plans for further changes. Some of which we will be discussing next week at the CCTA Conference. However, if change is to last, it must be sustainable for all types of firms. …

Since 2016, our website has helped members find answers, register for events, and stay informed. But we knew we could do better. So we have rebuilt it, from the ground up, to give you improved access, better navigation, and personalised tools that make your membership work harder for you. We recognise that the website is a crucial part of the …

From a regulatory perspective, it is set to be another big year within the world of alternative credit. At our Summit, I talked about the key changes we were expecting in 2025. Here, I update on progress and provide details of new regulatory developments that will affect members.

Look at any Financial Conduct Authority (FCA) review in consumer credit and one message stands out: learning and development are critical. They not only ensure staff have the technical skills needed to deliver good outcomes but also help shape a firm’s culture.

As the Mansion House speech nears, we’ll be listening closely for signs of regulatory reform. Rumours are circulating, some undoubtedly floated to gauge reactions. We were interested in learning about reports of further progress on reforming the Financial Ombudsman Service (FOS).

At the end of March we held our Vigilance Conference in central London. Delegates attended from across the CCTA membership including lenders of various sizes, brokers and associates. Addleshaw Goddard kindly hosted the event at their London offices.

On 7 March, the FCA published their findings into a review of firms’ treatment of customers in vulnerable circumstances, including their consumer research and examples of good and poor practices. It is clear that vulnerable customers remain a top priority for the regulator, and rightly so. They should be a priority for firms too.

I’m delighted to introduce myself as the new Membership Manager at the Consumer Credit Trade Association (CCTA). It’s an exciting time to join the organisation, and I’m eager to connect with all of you – our valued members – to ensure that you receive the best possible support, insights, and services that CCTA has to offer.