REGULATION · UK
FCA publishes updated motor finance guidance on conduct and responsible lending standards
UK's Financial Conduct Authority released new guidance on motor finance (auto lending) conduct, targeting responsible lending, affordability checks, and consumer protection in vehicle financing.
WHY IT MATTERS
Evolving FCA stance on buy-now-pay-later and auto-lending AI models. Lenders shipping underwriting automation must ensure bias testing and affordability safeguards or face enforcement.
Source: FCA · 2026-06-21