fromBusiness Matters
22 hours agoStellantis sets aside 37m as UK car finance scandal deepens
At the centre of the scandal are "discretionary commission arrangements" (DCAs) - hidden incentives paid by lenders to car dealers for arranging vehicle loans. Under the model, which was in place for more than a decade, dealers could set the interest rate charged to buyers, often inflating borrowing costs to earn larger commissions. The FCA banned the practice in 2021 but is investigating deals dating back as far as 2007.
Cars
