In the news FCA bans car finance commission
From January 2021, car finance com - mission based on the interest rate that customers pay on their car loans will be banned by the Financial Conduct Authority. The FCA says that banning the wide- spread use of this commission will remove the financial incentive for brokers to increase interest rates for their customers, potentially saving motorists around £165million per year. Around 9 in 10 new cars are bought on finance in the UK and the decision follows a consultation held in October 2019.
FCA’s Interim Chief Executive Chris- topher Woolard said: ‘by banning this type of commission, where brokers are rewarded for charging consumers higher rates, we will increase competi- tion and protect consumers.’ A warm LendingMetrics welcome LendingMetrics is excited to announce the appointment of dedicated Gaming Sector Business De-
velopment Manager Peter Higgins LendingMetrics’ products have been widely used within the online gam- bling industry, and with the growing number of new clients within this sector, we have appointed a dedicated Gaming Sector Business Development Manager. Peter Higgins joined the team in July, and has already hit the ground running. He has over 30 years’ experience in the industry and his knowledge of the sector allows LendingMetrics to further tailor its multi-award-winning products in order to offer the best service possible to companies within the online gambling industry. Alongside his wealth of experience, Peter brings to the team a new per-
spective on online gambling regula- tions, including his thoughts on the recently published report by the House of Lords Select Committee on the Social and Economic Impact of the Gambling Industry, which you can read on page 6. Head of Operations Paul Brown com- mented on the appointment: “We’re
really pleased to welcome Peter to the team, and look forward to seeing him apply his knowledge and experience of the online gambling industry to Lend- ingMetrics’ products.” Click on the profile below to connect with Peter on Linkedin and get in touch with him if you want to find out more about LendingMetrics’ products.
Gaming Sector Business Development Manager Peter Higgins
04 | Metrics Monthly
August 2020 | AU Edition
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