The FCA and SRA issued a joint warning to firms and law firms representing motor finance commission claims. Since January 2024, the FCA had removed or amended over 740 misleading advertisements and required nine law firms to provide information about their exit fees. The regulators flagged concerns about misleading marketing, lack of fee transparency, and firms pressuring consumers into binding agreements.

Sources

• FCA and SRA warning on motor finance commission claims
• Regulators join forces to tackle poor claims management practices