The Financial Conduct Authority said Tuesday it would likely launch a redress scheme for car finance providers to compensate customers if a review shows widespread failings to comply with requirements

Banks may be forced to identify victims and pay compensation removing the need for claims 

Millions who bought cars on finance before January 2021 ‘owed payout’ | Personal Finance | Finance | Express.co.uk Search The watchdog says that it will determine its next steps within

Martin Lewis predicts drivers may get £1,400 in huge car finance scandal payout | Express.co.uk Search As the FCA warns banks to prepare for a redress scheme, Martin Lewis has

The Financial Conduct Authority (FCA) said it could implement an industry-wide redress scheme if it finds that motor finance customers have lost out due to widespread failings. A redress scheme

Martin Lewis has explained drivers could be owed compensation in a major update from the Financial Conduct Authority (FCA)(Image: ITV) Martin Lewis has explained drivers could be owed compensation in

However, the crucial point of the CoA’s decision is that it ruled that DCAs, as well as non-DCAs, were illegal in the first instance, meaning those who signed up to

Millions of drivers who have been mis-sold car finance could be entitled to an automatic payout of around £1,140 after the UK’s financial regulator announced plans for a possible redress

Millions of drivers across the UK have been on high alert as a major update unfolds regarding potential compensation for alleged car finance mis-selling. Now, the Financial Conduct Authority (FCA)

Major car finance scandal update with drivers given go-ahead to ‘pursue compensation’ Drivers have given the go-ahead to ‘pursue justice’ and compensation for the car finance scandal. More than 5,000