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The Latest Breaking News from CMCs

Raids across UK in crackdown on nuisance car finance texts

Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandal

The Guardian - UK

Regulator to review claims management companies amid ‘poor practices’ concerns

Consumers were being let down ‘too often’, the Financial Conduct Authority said.

Evening Standard

UK regulator launches review of ‘aggressive’ claims management firms amid compensation concerns

FCA focuses on marketing, misleading ads, unfair exit fees and people being signed up without their permission

The Guardian - UK

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Firms representing motor finance customers ‘must act in clients’ best interests’

Regulators have said claims managers and law firms involved in motor finance commission claims must not charge unfair fees for ending an agreement.

Evening Standard

Car Loan Payout Frenzy Triggers UK Regulatory Backlash

UK regulators have launched a sweeping crackdown on law firms and claims companies amid a surge in car finance compensation cases, following a Supreme Court ruling on undisclosed commissions.

International Business Times UK

UK regulators step up crackdown on firms chasing cut of car finance payouts

Some claims companies shut down, others told to stop taking on clients and misleading ads ordered to be pulled

The Guardian - UK

FCA faces battle over £1m ad campaign rejecting car loan claims firms

City watchdog aims to tell drivers they will not need to use companies to apply for share of £18bn compensation scheme

The Guardian - UK

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Voices: Why the car financing scandal could cause an even bigger pile-up than PPI

COMMENT : If the Supreme Court blows up the car finance market over commission payments to dealers, it could lead to firms going bust, less competition and much higher prices in future, says James Moore

The Independent UK

Car finance: Drivers using claims firms could face 36% add-on charge on compensation payouts

As the FCA warns over claims firms, here are the options if you’ve been a victim of motor loan mis-selling

The Guardian - UK

Claims management companies circle after UK court ruling on mis-sold car finance

Specialist law firms and CMCs could be in line for massive payday with their cuts from consumer compensation

The Guardian - UK

New charges for claims management firms proposed by financial ombudsman

The proposals to charge claims managers up to £250 reflect a fairer allocation of costs, the Financial Ombudsman Service said.

The Independent UK

105 Urban Local Bodies registered for EPR with CPCB

105 ULBs in Karnataka register for EPR with CPCB; Kalaburagi & Belagavi to benefit from proximity to cement factories; BBMP also aiming to earn revenue; CMCs to generate data on plastic waste & update CPCB; Brand owners to pay fee for collection, segregation & processing; DWCC to play key role…

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