What the FCA’s new motor finance redress scheme means for you

The FCA’s long-awaited consultation on the motor finance redress scheme, published on the 7th October, marks one of the most significant regulatory developments for the sector in recent years. After months of anticipation, firms now have greater clarity on the scope, methodology and expectations that will shape the industry’s response.  To explore the practical implications, […]

14m unfair motor loans due compensation under FCA-proposed scheme

The FCA releases its update on the motor finance redress scheme, marking one of the most significant shifts in the motor finance landscape in years.  The FCA wants to set up an industry-wide compensation redress scheme to reimburse motor finance customers who were treated unfairly from 6 April 2007 to 1 November 2024. The scheme […]

Elevate your career in Financial Crime: Momenta partners with Griffith University

The demand for skilled professionals in the Financial Crime sector is growing rapidly. With the upcoming AML Tranche 2 legislation set to reshape industries across Australia, the need for advanced knowledge and practical expertise has never been greater.  To help meet this demand, Momenta is proud to announce a new partnership with Griffith University’s Academy […]

TCC Group Acquires Momenta Group

TCC Group acquires Momenta Group to expand compliance and resourcing solutions for regulated industries TCC Group, headed by The Consulting Consortium Holdings company – a leading provider of intelligent compliance and RegTech solutions for financial services and the government – announces the acquisition of the assets and business of Momenta Group trading in the UK […]

One Billion Reasons to Rethink Your Financial Crime Strategy

Investment Fraud Hits £1bn in 2024 – A Wake-Up Call for the Financial Sector In 2024, reported investment fraud in the UK surged to a staggering £1 billion – a sharp 34% increase from the previous year. This alarming figure underscores not only the growing sophistication of financial scams but also the rapid evolution of […]

Motor Finance Redress Scheme – What Do We Know Now?

On Sunday 3rd August 2025, the FCA confirmed it would consult on a compensation scheme which seeks to provide redress to consumers who were treated unfairly when taking out motor finance. This announcement followed Friday’s landmark ruling by the Supreme Court on three cases where the Court of Appeal had previously concluded that commission payments […]

Driving Change: FCA Redress and the Future of Motor Finance

The FCA’s proposed motor finance redress scheme has sparked concern across the sector, with many fearing the bar for “unfairness” is set too low – potentially widening complaint scope and increasing liability.   During our recent webinar: Driving change – FCA redress and the future of motor finance, led by industry experts, we examined what the […]