What is a Discretionary Commission Arrangement (DCA)?
1 company with a published answer
Lexus UK
“Before 28 January 2021, some lenders allowed brokers (such as car dealers) to set the interest rate given to customers on car finance. The broker’s commission depended on the rate, and higher interest rates sometimes meant higher commission. This is known as a Discretionary Commission Arrangement. The FCA banned this practice in 2021.”
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Data formats and record details
- Surface ID
- urn:readyscan:corpus:buyer-question:lexus-uk-q58899528-answer-b1447b1e5b2418a7a0a6
- Material fingerprint
- fnv1a64:23c47b32feda96f7
- Membership fingerprint
- fnv1a64:8987bdad1202acc0
- Published
- 2026-10-28
- Modified
- 2026-10-28
- ready-scan-subjects/Q58899528
- revision Q58899528:content:4e6f78d1ec101099