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Meriden, Connecticut, US
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FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.
New BMW M5 & M6 Competition Package & new 518d prices revealed
Fri, 31 May 2013The competition package for the new M5 & M6 costs from £5,500 The arrival of the newly refreshed BMW 5 Series saw the arrival of a new entry-level point – the 518d – and the option at the other end of the scale of a Competition Package for both the M5 and M6 (in all three varieties). Now, BMW has decided how much they are going to cost you. The Competition Package for the M5 and M6 comes in a bit steeper than we’d expected (we reckoned it would cost around £5k), with the cheapest option being on the M6 Gran Coupe £5,500) and the most expensive on the M5 saloon (£6,700).
'First Aid' penalty notice scrapped
Fri, 25 Oct 2013A MOTORIST who received a penalty ticket when a camera car spotted her in a loading bay in Bristol after pulling over to administer first aid to an injured cyclist has had it cancelled. Janet Young had gone to help the cyclist in Church Road, St George, after he clipped a pavement and came off his bike. Mrs Young, a receptionist from Bristol, said despite the ticket she would do the same thing again.