7 d. ago Martin Lewis gives major update on car finance scandal with £950 payouts owed

Those who believe they could be affected have now been told what steps to take next

Economics

7 d. ago How to work out if YOU can claim £950 from the car finance scandal

It's the scandal dubbed 'PPI on Wheels' Last week the Supreme Court dealt a blow to millions of drivers hoping for a payout on their car finance deals.

Economics

8 d. ago Epstein scandal broadens as trove of letters from famous figures published

New York Times reports on letters by Ehud Barak, Woody Allen and others written for Epstein’s 63rd birthdayThe long-running scandal surrounding the disgraced late financier and convicted sex offender Jeffrey Epstein broadened on Tuesday after the New York Times published a trove of previously unseen letters to Epstein from numerous powerful figures as well as unseen photographs from inside his Manhattan mansion.The letters, written to Epstein by a number of high-profile individuals, were reportedly compiled as a birthday gift for Epstein’s 63rd birthday in 2016. Their publication comes amid intense speculation around Donald Trump’s ties to Epstein, who was found dead in a New York jail in 2019 and had long cultivated a celebrity social circle of the rich and powerful. Continue reading...

Politics

8 d. ago Drivers with these number plates on their vehicles could be owed £950 payment

The Financial Conduct Authority is expected to pay out billions of pounds in compensation over a mis-selling scandal in car finance deals - but it's not just those who took out finance going forward that could be affected

Economics

9 d. ago Business news live: FCA considers compensation scheme over car finance scandal and FTSE 100 rises as stock markets recover

Stock market news and latest business and finance updates from Monday

Economics

9 d. ago Business news live: FCA considers compensation scheme over car finance scandal and FTSE 100 rises

Stock market news and latest business and finance updates from Monday

Economics

1 week ago Millions in line for payouts from £18bn car loan compensation scheme

City regulator says motorists should start to get payments in 2026 with ‘most payouts likely to be under £950’Explainer: what the supreme court ruling means for UK motoristsEditorial: Mis-sold loans demand action, not excuses or spinMillions of drivers could be handed a share of a multibillion-pound compensation package after the City regulator said it would open a redress scheme for consumers affected by the car finance scandal.The Financial Conduct Authority (FCA) will consult on the redress scheme, which could cost banks between £9bn and £18bn when it begins paying consumers compensation next year. Continue reading...

Economics

1 week ago Millions will share up to £18bn as FCA unveils car loan compensation scheme

City regulator says motorists should start to get payments in 2026 with ‘most payouts likely to be under £950’Explainer: what the supreme court ruling means for UK motoristsEditorial: Mis-sold loans demand action, not excuses or spinMillions of drivers could be handed a share of up to £18bn in compensation, after the City regulator said it would open a redress scheme for consumers affected by the car finance scandal.The Financial Conduct Authority (FCA) said on Sunday it planned to consult on the redress scheme, which could cost banks between £9bn and £18bn when it begins paying consumers compensation next year. Continue reading...

Economics

1 week ago Up to £18bn compensation for drivers hit by motor finance scandal

Financial Conduct Agency said they 'hope to start getting people any money they are owed' but said Friday's Supreme Court judgement is complex and will begin consulting about the payout in October,

Economics

1 week ago City regulator unveils car loan compensation scheme worth up to £18bn

FCA says motorists should start to receive payments in 2026 with ‘most individual payouts likely to come in under £950’Explainer: what the supreme court ruling means for UK motoristsDrivers could be handed a share of between £9bn and £18bn in compensation next year, after the City regulator said it would consult on a redress scheme for consumers affected by the car finance scandal.The Financial Conduct Authority (FCA) said on Sunday it plans to launch the redress scheme in 2026, with consumers “starting to receive compensation next year”. Continue reading...

Economics

last month Car finance scandal exposed as Brits admit something 'didn't sit right' about deals

A new BBC Radio 4 documentary has shed further light on the car finance scandal, which saw lenders allowing dealers to adjust interest rates they offered customers buying a vehicle on finance

Economics

last month America's top banker reveals Wall Street's hottest new trend that could spell financial doom

JPMorgan Chase chief executive Jamie Dimon acknowledged there are similarities to the subprime mortgage scandal which caused the 2008 global financial crisis, but he's going all in regardless.

Economics