Vehicle finance intermediary Evolution Funding has released a guide to compliance with motor finance regulations for its dealer partners.
The comprehensive guide covers all areas of conducting business with Evolution Funding and is aimed at supporting dealers in meeting their regulatory requirements, whilst delivering a robust TCF journey.
Lee Streets, Chief Operating Officer at Evolution, said:
“Managing regulatory change and ensuring effective compliance and governance are some of the most important issues facing lenders, brokers and motor retailers. At Evolution, we have been at the forefront of helping our dealer partners manage this change since the FCA began regulating our sector in 2014.
“Our approach has evolved over the following years and we will continue to innovate in this area with further developments in 2018. Our updated sales procedure guide helps set out our current approach to compliance and how our dealer partners can work with us to provide positive outcomes to all customers regardless of risk profile or product type.”
The new sales procedure guide supports Evolution’s unique finance decisioning systems, which are geared towards delivering the best outcome for the customer and achieving maximum compliance.
The guide is available to download here.