S&U PLC (LSE:SUS) said the Financial Conduct Authority (FCA) has lifted collection process restrictions for its motor finance subsidiary, Advantage Finance.
Certain conditions were voluntarily agreed to while the company worked with the FCA on forbearance procedures for borrowers facing financial difficulties.
While they have been lifted, S&U noted that discussions with the regulator are ongoing, and a positive outcome is expected.
Chairman Anthony Coombs told investors: "I am very pleased that the close dialogue and cooperative relationship we are forming with the Financial Conduct Authority resulted in this agreement.
"We have always prided ourselves on excellent customer relationships and the reforms resulting from our dialogue with the FCA should make these even stronger."