The UK financial watchdog has proposed a motor finance redress scheme if an ongoing review finds widespread failings by lenders. The investigation, which includes a pending Supreme Court decision, will
Sat, Mar 15 2025 5:27am
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(Bloomberg) — The UK’s Financial Conduct Authority said it’s now considering implementing a redress scheme that banks would have to follow if they discover consumers were harmed by historic practices
WE ASKED: How could the motor market change or evolve considering the Supreme Court’s motor finance case and the FCA’s continued focus on premium finance? Matthew Maxwell Scott, executive director,
Britain’s Financial Conduct Authority on Tuesday said it would likely consult on an industry-wide scheme to compensate motor finance customers if the Supreme Court rules that lenders and brokers should
Matt Kenyon 3 min read If the Supreme Court upholds the Court of Appeal ruling, this would open the door to widespread compensation (Photo by Christopher Furlong/Getty Images) In a
The Financial Conduct Authority has said it will consult on a motor finance redress scheme if it decides motor finance customers have lost out from widespread failings by firms.
Drivers who have owned cars on finance could be in luck. The latest consumer scandal surrounds the selling of cars – or rather, the mis-selling. Some of the biggest finance
A Major UK bank has admitted that their £1.2billion driver refund package could differ significantly, Wheel Reporter has learned. Over 30 banks and lenders could be in line to pay
Fiat has announced a shake-up of its UK top team as the brand looks to implement a ‘growth phase’ of its dealer network. The Italian outfit has today (Mar 10)
