Submitted on Friday 14th April 2023
Rejected on Monday 17th April 2023
Current status: Rejected
Rejection code: irrelevant (see below for details)
Prevent suppliers from monopolising consumer access to other finance providers
Several vehicle suppliers are continually refusing to provide invoices to independent finance providers and essentially blocking the consumer from access to whole of market finance choice. This is wholly unfair and goes against all of the FCA's Treating Customers Fairly principles.
Working for an independent bank, we have experienced more and more suppliers of vehicles, refusing to provide invoices / accept funds from independent funder's (even if the consumer has been refused finance from their 'in-house' finance provider). This must go against the principles of Treating Customers Fairly and is essentially giving the suppliers a monopoly over finance choices for their vehicles.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We can only accept petitions about things the Government or Parliament are directly responsible for.
Decisions about what finance providers to accept payment from are a matter for individual businesses, not the UK Government or Parliament.
18.190.207.49 Sun, 19 May 2024 06:11:45 +0100
