Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme
Nikhil Rathi, chief executive of the Financial Conduct Authority. Photograph: Bloomberg/Getty ImagesView image in fullscreenNikhil Rathi, chief executive of the Financial Conduct Authority. Lenders have been arguing that a large compensation bill would risk spooking investors and causing long-lasting economic damage to the UK.The documents were filed at the UK’s upper tribunal, as part of the wider legal challenge against the terms of the FCA’s compensation scheme.
- ▪Nikhil Rathi, chief executive of the Financial Conduct Authority.
- ▪Photograph: Bloomberg/Getty ImagesView image in fullscreenNikhil Rathi, chief executive of the Financial Conduct Authority.
- ▪Lenders have been arguing that a large compensation bill would risk spooking investors and causing long-lasting economic damage to the UK.The documents were filed at the UK’s upper tribunal, as part of the wider legal challenge against the
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| Original publisher | the Guardian |
| Canonical URL | https://www.theguardian.com/business/2026/sep/01/boss-of-city-regulator-accused-of-threatening-consumer-group-over-91bn-car-loan-scheme |
| Publication time | Tue, 01 Sep 2026 07:16:20 GMT |
| Retrieval time | 2026-09-02T00:06:41.959Z |
| Last seen | 2026-09-02T00:06:41.959Z |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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Nikhil Rathi, chief executive of the Financial Conduct Authority. Photograph: Bloomberg/Getty ImagesView image in fullscreenNikhil Rathi, chief executive of the Financial Conduct Authority. Photograph: Bloomberg/Getty ImagesMotor financeBoss of City regulator accused of threatening consumer group over £9.1bn car loan scheme FCA chief, Nikhil Rathi, warned of ‘adverse consequences’ if challenge made to settlement, court filings allegeKalyeena Makortoff Banking correspondentTue 1 Sep 2026 03.16 EDTLast modified on Tue 1 Sep 2026 13.32 EDTSharePrefer the Guardian on GoogleThe boss of the UK’s financial regulator is accused of threatening a consumer group with “adverse consequences” if it blocked a £9.1bn compensation scheme meant to settle the motor finance scandal.Legal documents reviewed…
Excerpt limited to ~120 words for fair-use compliance. The full article is at the Guardian.
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