From a Facebook Ad to a £10bn Car Finance Pandemic: My Top 3 Takeaways from the Landmark UK Court Case Through the Lens of Claimant
In 2017, Marcus Johnson, a factory supervisor from Wales, purchased a car for £6,600 from Trade Centre. He later discovered he had unknowingly paid a hidden commission of £1,650 (25%). In 2022, after clicking on a Facebook advertisement, Marcus sought legal representation for a misselling claim through Kevin Durkin at HD Law. Although Marcus initially […]
Hippo Motor Group: Now Turbocharging Customer Service, Compliance Standards And Sales Coaching With 100% Call Monitoring From Voyc
“We have seen a vast improvement.” Lianna Akbar Head of Compliance, Hippo Motor Group Hippo is undoubtedly one of the UK’s leading motor leasing and finance brokers and a provider of prestige approved vehicles. The award-winning business has built its ongoing success through a commitment to providing outstanding service and value to its customers. […]
Supporting You Through Change: Our Response To The Recent Car Finance Commission Ruling
Transparency in commissions Brokers are now required to obtain informed consent from consumers before receiving any commissions from lenders. This mandates clear communication regarding commission amounts and how they are calculated. New compliance requirements Organisations will need to adjust their processes to meet these transparency standards, enhancing consumer trust in the industry. Changes in broker-lender […]
Revealing The Future Of Broker Relationships: Why Motor Finance Funders Need Voyc
In today’s dynamic financial services landscape, the relationship between motor finance funders and brokers has become more pivotal than ever. With the introduction of the Consumer Duty Act, achieving compliance and optimising broker interactions are not just goals—they are imperatives. Voyc delivers a cutting-edge solution that addresses these needs head-on, providing unparalleled compliance oversight […]