City regulator unveils compensation scheme for motorists who bought cars via discretionary commission deals from 2007 to 2024
Up to 14 million victims of the UK’s car finance scandal look likely to re…
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2025 › October › 07
FCA
9 months ago
Millions will get £700 payouts from car finance scandal, as FCA reveals compensation details ⊖
The financial watchdog has revealed details of its car finance compensation scheme that could see £8.2billion paid back to motorists.
Millions of drivers could receive £700 payout over car finance mis-selling scandal ⊖
Lenders could pay out £8.2bn in compensation for car finance mis-selling, the FCA says.
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