The Financial Conduct Authority has confirmed its intention to defend the motor finance compensation scheme against a series of legal challenges initiated by both lenders and consumer advocacy groups. The
FCA scheme sees average £830 payout for car finance claims
The Financial Conduct Authority has published final details of a significant compensation scheme addressing systemic mis-selling within the UK car finance market. The scheme will deliver an average payout of
Motor finance complaint reviews to resume next May, says FCA
The Financial Conduct Authority has confirmed it will resume handling motor finance complaints on 31 May 2026, bringing an end to a pause that will have lasted nearly two years.
City Regulator Unveils Compensation Scheme Offering Motorists Average £700 Payout
The Financial Conduct Authority (FCA) has unveiled long-awaited plans for a compensation scheme for motorists who bought cars through discretionary commission arrangements (DCAs) between 2007 and 2024, following one of
Millions Could Receive Compensation Under £18bn Car Finance Payout Scheme
Millions of Drivers Could Receive Payouts from £18bn Car Finance Compensation Scheme
Supreme Court Ruling Blocks Car Finance Compensation Claims Worth Billions
Millions of UK drivers will not receive compensation after the Supreme Court ruled against claims of mis-sold car finance, in a landmark judgment that shields major banks from potentially £44
Millions of car, van, motorbike finance customers owed £1,000s from the hidden discretionary commission scandal?
Banks may be required to identify victims and issue compensation automatically, eliminating the need for claims.
Millions of car finance customers are set to receive compensation.
Banks may be required to identify victims and issue compensation automatically, eliminating the need for claims.
Millions of car finance customers are set to receive compensation.
Banks may be required to identify victims and issue compensation automatically, eliminating the need for claims.
Millions of car finance customers set to receive compensation.
Banks may be required to identify victims and issue compensation automatically, eliminating the need for claims.