{"id":21901,"date":"2024-11-13T12:17:54","date_gmt":"2024-11-13T12:17:54","guid":{"rendered":"https:\/\/stg-evopublic-testupdates.kinsta.cloud\/public\/?p=21901"},"modified":"2026-06-02T07:46:42","modified_gmt":"2026-06-02T07:46:42","slug":"evolution-funding-commission-disclosure-changes","status":"publish","type":"post","link":"https:\/\/www.evolutionfunding.com\/public\/news\/evolution-funding-commission-disclosure-changes\/","title":{"rendered":"Evolution Funding Responds to Commission Disclosure Practice Changes"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21901\" class=\"elementor elementor-21901\">\n\t\t\t\t<div class=\"elementor-element elementor-element-db4aa4f e-flex e-con-boxed e-con e-parent\" data-id=\"db4aa4f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ee4b7af e-con-full e-flex e-con e-child\" data-id=\"ee4b7af\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c423928 elementor-widget elementor-widget-text-editor\" data-id=\"c423928\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tOn the 25th of October 2024, the Court of Appeal handed down its judgment in the cases of <em>Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited<\/em> and <em>Hopcraft v Close Brothers<\/em>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eccfec6 elementor-widget elementor-widget-text-editor\" data-id=\"eccfec6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In response to the Judgment, Evolution Funding carried out a full review of how to ensure compliance with the new ruling for its dealers, lenders and customers. This led to changes in Evolution\u2019s processes and systems to create an enhanced commission disclosure consent journey. The updated journey addresses the heightened need for full transparency regarding informed consent, commission disclosures and additional duties.<\/p>\n<p>Evolution has produced a guide that provides a summary of the key takeaways, how they are responding to support dealers&#8217; businesses, and key actions dealers may need to consider.<\/p>\n<p><em>N.B. This guide does not provide legal advice. If you are in any doubt about your obligations, you should seek legal advice, and this guide is provided purely for information and guidance.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-01031f5 e-con-full e-flex e-con e-child\" data-id=\"01031f5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0693f19 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"0693f19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i class=\"spectre-lucide-eye spectre-icon--style-outline\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"> <path d=\"M2.062 12.348a1 1 0 0 1 0-.696 10.75 10.75 0 0 1 19.876 0 1 1 0 0 1 0 .696 10.75 10.75 0 0 1-19.876 0\"\/> <circle cx=\"12\" cy=\"12\" r=\"3\"\/> <\/svg><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8f62c7 elementor-widget elementor-widget-text-editor\" data-id=\"e8f62c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tView &#8216;Commission Disclosure Practices Update&#8217; Nov 2024\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e2577ff elementor-align-left elementor-widget elementor-widget-button\" data-id=\"e2577ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.evolutionfunding.com\/public\/commission-disclosure-update-011124\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View page<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>On the 25th of October 2024, the Court of Appeal handed down its judgment in the cases of Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited and Hopcraft v Close Brothers. In response to the Judgment, Evolution Funding carried out a full review of how to ensure compliance with the new ruling for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-21901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Evolution Funding and Commission Disclosure Changes<\/title>\n<meta name=\"description\" content=\"Find out how Evolution Funding has responded to the commission disclosure changes following the Court of Appeal ruling.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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