What the update means and where firms should focus next.

The FCA’s consultation on historic motor finance commissions (CP25/27) was published earlier this month but if you haven’t had time to work through all 500+ pages, we’ve now pulled together a summary.

Auxillias has once again been recognised in the Chambers & Partners UK Guide, marking its third consecutive year in the UK-wide consumer finance category, less than six years after the firm was founded.

The motor finance sector is bracing itself for the publication of the long-awaited FCA consultation on a s.404 FSMA consumer redress scheme dealing with historic commissions.

We are looking for a paralegal who is passionate and enthusiastic and has some experience of working in consumer credit and regulatory compliance, supporting senior lawyers and compliance/regulatory directors in advising on relevant regulation and consumer protection law relevant to a wide range of consumer credit and lending products.

At around 15:30pm this afternoon (3 August 2025), the FCA published an update, confirming it would proceed to consult on a redress scheme under s.404.

The Supreme Court decision brings common sense to allegations of bribery and the idea of a disinterested duty, but unfair relationships still leave motor finance firms with substantial headaches

July 2025 has brought the most significant set of proposed changes to the UK’s financial redress system in over a decade. Through two major consultation papers - HM Treasury’s Review of the Financial Ombudsman Service (FOS) and the FCA and FOS joint CP25/22: Modernising the Redress System - the regulatory landscape is shifting decisively toward clarity, consistency and confidence.

In a significant ruling for lenders, the High Court has dismissed TMS Legal’s attempt to strike out Vanquis Bank’s claim for damages and injunctive relief - marking the first time a High Court has allowed a claim to proceed against a CMC for interfering with a lender’s ability to operate.

The FCA’s revised enforcement guide (ENFG) and new transparency policy went live on 3 June - bringing in important changes that all regulated firms should be aware of.

Can a claims management company (CMC) be sued for swamping a lender with tens of thousands of baseless complaints? The High Court just confirmed it can.

Your latest EV update from Jon Burdekin is now available. Inside this month’s edition, you’ll find essential tax and legislation news, top reports and insights and information on new brands and models.

Last month HM Treasury launched its long-awaited Phase 1 Consultation on reforming the Consumer Credit Act. This is the first step in a process that could fundamentally reshape consumer credit regulation for the first time in over 50 years. Read our summary paper.

Check out our new short form vlog on Consumer Duty governing body reports presented by our head of advisory services, Paul Godsmark. This is meant to be a 5 minute(ish) guide to help you understand and meet your regulatory obligations.

May 2025’s EV update from Jon Burdekin is now available. Whether you're an EV expert or just keeping an eye on what's going on, this update will fill you in!  

Auxillias is absolutely thrilled to have been named Best Law Firm at the Credit Strategy Car Finance Awards 2025!

With regulatory and legal pressures around Discretionary Commission Arrangements (DCAs) intensifying and the Supreme Court decision due soon, now is a good time to strengthen and validate your risk management strategies.

We’re very pleased to welcome Dan Richards to Auxillias as our new head of remediation programmes. Dan brings over 30 years’ experience leading large-scale remediation and compliance projects across the UK financial services sector.

We are delighted to announce that Andy Smith joins Auxillias as a regulatory consultant, bringing over 20 years of legal and compliance experience. He’ll be supporting our clients with clear, practical advice on investigations, s166 reviews and regulatory change.

Your latest EV update from Jon Burdekin is now available. Inside this month’s edition, you’ll find essential tax and legislation news, top reports and insights and information on new brands and models.