Regulatory News:
9 April 2026

Published 09 April 2026

The FCA has published findings from a 2025 multi-firm review of Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring controls, highlighting examples of both good and poor practice and setting clear expectations for firms to strengthen compliance frameworks.

Paving the way: Credit information reform and the CIGB

Published 08 April 2026

The UK credit system relies heavily on the effective sharing of information. Every lending decision – whether for a credit card, motor finance agreement or small-sum instalment loan – depends on data flowing through a network of credit reference agencies, lenders and technology providers. That system has evolved over decades and, in many ways, it works well.

Time for a health check? Preparing for the FCA’s motor finance redress scheme

Published 06 April 2026

Following the publication of the FCA’s motor finance consultation paper (CP25/27) in October 2025 and the consultation closing on 12 December 2025, the regulator has confirmed that it will set out its approach on motor finance redress shortly after markets close on Monday 30 March 2026.

Regulatory News:
1 April 2026

Published 01 April 2026

The FCA has published its long-awaited motor finance redress scheme along with a raft of other announcements and publications. The Bank of England and Money Charity have both released their latest set of monthly statistics.

Back to basics: What do the unfair relationship provisions actually say?

Published 31 March 2026

So it’s the middle of March 2026. Were we expecting the policy statement from the Financial Conduct Authority (the FCA) on a motor finance consumer redress scheme by now? Yes. Do we have it? No. The FCA’s latest murmurings are that it will publish the scheme by the end of March 2026. So, for now, we wait.

Motor finance DCA redress: What ‘ready’ really looks like

Published 30 March 2026

The debate around discretionary commission arrangements (DCAs) in motor finance has developed rapidly over the past year, with regulatory scrutiny, legal developments and the FCA’s ongoing work on a potential redress scheme bringing increased focus to the sector. Final decisions on any compensation scheme have not yet been made.

Mind the (data) gap: Are motor finance firms prepared for the challenge ahead

Published 30 March 2026

The regulatory landscape for motor finance is shifting rapidly. Following the Financial Conduct Authority’s (FCA) latest update on 4 March 2026, the industry now has a much clearer view of the road ahead. With final rules expected in late March, the focus has shifted from hypothetical planning to urgent operational implementation.

Challenging terrain: Motor finance redress and the appointed representatives consultation

Published 27 March 2026

As we approach the end of the first quarter of 2026, the regulatory landscape remains characteristically demanding. Members are navigating a range of initiatives relevant to their sectors, but I would like to highlight two particularly significant matters that the CCTA is actively addressing.

Regulatory News:
25 March 2026

Published 25 March 2026

The FCA has outlined several updates across key areas of financial services. It will confirm its approach to motor finance redress shortly after markets close on 30 March, following consultation on a compensation scheme. The FCA has also published practical examples to help firms design effective consumer segments, supporting better targeted outcomes.

AI, access and accountability: What the Mills Review means for consumer credit

Published 19 March 2026

Artificial intelligence is moving rapidly from experimentation to infrastructure in retail financial services. The FCA’s Mills Review provides a timely opportunity to consider what that shift means in practice – for consumers, firms, and the future shape of the credit market.

Regulatory News:
18 March 2026

Published 18 March 2026

The FCA has published its annual Regulatory Priorities for consumer finance, replacing portfolio letters. Key focuses include ensuring consumers can access fair-value credit, receive appropriate support when in debt, and benefit from effective complaints and redress.

Lantern Group announces the acquisition of Ascent

Published 11 March 2026

Lantern Group today announced that it has agreed to acquire Ascent, one of the UK’s largest specialist debt recovery law firms, from Irwin Mitchell, subject to regulatory approval. The acquisition expands Lantern Gorup’s portfolio, with Ascent joining Lantern and Sonex.