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.
Lloyds stung by car finance scandal — £800m more set aside
Lloyds Sets Aside Additional £800m for Motor Finance Compensation, Taking Total to Nearly £2bn
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
Lloyds Reaffirms £1bn+ Payout Expectation in Motor Finance Scandal
Lloyds Bank has confirmed it still expects to pay more than £1 billion in compensation linked to the motor finance scandal, despite the Supreme Court’s ruling on Friday.
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.
UK lenders provided upfront “advance commissions” cash payments to car dealers
UK lenders paid “advance commissions” to car dealers. According to legal filings related to the motor finance scandal, this practice may have incentivised them to push more expensive loans onto
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