Compliance Monitor
Expanded disclosure rules planned for 2020 on credit finance commission
By Neasa MacErlean
Brokers arranging consumer credit finance are expected to be subject to more explicit disclosure requirements about how they
disclose the commission they receive from the beginning of Q2 next year. The FCA is now consulting on these proposals as well
as new rules to ban commission in motor finance deals that are linked to the interest rate that the borrower is charged.