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Founded in 1998 by industry veteran John O. Semon, The Lessors Network showcases the largest equipment finance community on the Web, providing business leaders around the world free access to breaking news, events, funding sources, technology solutions and outsourcing resources exclusive to a $1 trillion U.S. equipment finance market.

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Financial watchdog to investigate car leasing market

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By Douglas Fraser
Business/economy editor, Scotland

Britain's financial watchdog is to investigate the car leasing market, with concerns about irresponsible lending.

The Financial Conduct Authority (FCA) is also raising concerns about a lack of transparency and potential conflicts of interest. The move follows a rapid surge in consumer credit led by car dealership finance.

The FCA said it would assess who uses the products and how they are sold.

It will also check whether sales staff are carrying out sufficient checks that customers can afford their monthly payments. The plan has been set out in the annual business plan for the financial watchdog.

That follows a report by the the Bank of England's financial policy committee this month, which highlights the risks form the rapid growth in consumer credit.

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