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
Fri, Mar 14 2025 2:14pm
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Drivers have been issued a major update amidst the ongoing car finance scandal in the UK, ahead of a looming date in the Supreme Court. The Financial Conduct Authority (FCA),
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
(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
