The Financial Conduct Authority has warned motor finance firms to put away some cash as it continues its investigation into the sector.
It had written to firms involved in the investigation to call on them to engage with the process and ensure they have the funds they need. In an update on Friday, the regulator said the review is ongoing but highlighted some issues regarding the information it needs.The FCA said: "Firms involved in our review have engaged with us constructively. However, many firms are struggling to promptly provide the data we need.
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