FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims
Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’ Business live – latest updates The UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simplest route for consumers and the most efficient way for firms to put things right”. Continue reading..
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The FCA issued the final terms of the £9.1bn motor finance compensation scheme in March Photograph: Murdo MacLeod/The GuardianView image in fullscreenThe FCA issued the final terms of the £9.1bn motor finance compensation scheme in March Photograph: Murdo MacLeod/The GuardianMotor financeFCA faces four lawsuits over £9.1bn compensation scheme for car loan victims Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’ Business live – latest updates Mark SweneyFri 1 May 2026 08.38 EDTLast modified on Fri 1 May 2026 08.39 EDTSharePrefer the Guardian on GoogleThe UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal.The Financial Conduct Authority…
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