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.
How UK Interest Rate Cuts Affect Your Financial Strategy
The Bank of England’s recent decision to cut interest rates has stirred significant attention among investors and traders. Lower interest rates often translate to cheaper borrowing costs, affecting mortgages and
TSB fined £11m for putting customers ‘at risk of harm’
The UK’s financial regulator has fined TSB Bank £10.9m for failing to fairly treat customers in financial difficulty over six years.
To cover losses from the Covid loan scheme, UK banks spent £4.4bn of taxpayers’ cash
To cover fraud and default on the £77bn state-guaranteed loans given to struggling companies during the coronavirus lockdowns, more than £4.4bn worth of taxpayers’ money was paid to British banks.
City of London Tries to Divert Tax Raid on Banks, Chancellor Jeremy Hunt’s claim that “nothing is off the table”
As the UK seeks to plug its funding gap, there are growing concerns in London regarding higher taxes being imposed upon banks.