2 w. ago New Martin Lewis update on £700 car loan compensation due next year

Around 14 million people have been mis-sold car finance and due a payout from a mass redress scheme.

Economics

2 w. ago Lloyds challenges car loan compensation bill as it warns of £2bn hit

The high street banking giant raised concerns about the Financial Conduct Authority’s calculations for how much consumers lost out.

Events

3 w. ago Lenders warn of bigger hit to finances from £11bn car loan compensation plan

Lloyds Banking Group and Close Brothers both said they were expecting to have to put aside more money to cover costs related to the mis-selling saga.

Events

3 w. ago Banking shares rise after car loan scandal firms are handed a lower

FTSE 250 lender Close Brothers closed up 5.4% while Lloyds Banking Group gained 3.7% and Barclays rose 1.1%.

Economics

3 w. ago Shares in UK lenders rise after watchdog softens car loan compensation costs

Lloyds Banking Group, Close Brothers Group, and Barclays shares were all moving higher on Wednesday morning.

Politics

3 w. ago FCA announces 14 million people due car loan compensation payout

Redress payments of around £700 could be issued from early next year.

Economics