15 h. 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

16 h. ago Ferrari reveals features of first fully electric vehicle, raises 2026 forecasts

Ferrari has raised its 2025 financial forecast despite facing 15% tariffs on foreign car imports to the U.S. The company on Thursday unveiled the powertrain and chassis of its first fully electric vehicle the Ferrari Elettrica set for delivery late next year

Politics

21 h. ago Lloyds admits £1.2bn set aside for car finance compensation may not be enough

Lloyds Banking Group has warned the £1.2billion it has set aside for potential compensation payouts related the motor finance commissions scandal may not be enough.

Economics

22 h. ago Lloyds warns of ‘material’ extra provision needed for car finance payouts

Lloyds has significant exposure to the car finance industry.

Events

32 h. ago Lenders betray public trust: Car finance scandal victims deserve their compensation, says ALEX BRUMMER

The gravitational pull of Generation Y towards fintech sites such as Revolut, Wise and Monzo, is often attributed to their tech-savvy skills.

Events

39 h. ago Martin Lewis' advice on what you need to do to claim £700 car finance compensation

Claiming compensation for being mis sold car finance is 'easy' and many will receive it 'automatically', Mr Lewis says

Economics

39 h. ago Martin Lewis tells Brits how to get up to £700 car finance compensation

FCA announced a redress scheme for car finance customers who were mis-sold their loan and Martin Lewis has explained how to claim the compensation

Economics

42 h. ago Car finance compensation date and key to getting £700 payout quickly as 'millions owed'

The Financial Conduct Authority has announced that 14 million customers could be due an average payout of £700 for mis-sold car finance agreements - here's everything you need to know

Economics

42 h. ago Find out if you're eligible for car finance compensation after Martin Lewis reacts to judgement

The FCA estimates more than four in 10 car finance agreements over a 17-year period were mis-sold.

Events

42 h. ago Drivers warned of 'unnecessary' £630 fees in car finance payout claims

Millions of drivers could be owed hundreds of pounds in compensation

Economics

44 h. ago Martin Lewis explains car finance compensation as millions could get £700 payout

Martin Lewis has explained who is affected by the UK’s car finance scandal and how people can claim a payout.

Economics

45 h. ago Martin Lewis says people can hope to get £700 in their bank accounts if they do this one thing

The Financial Conduct Authority (FCA) announced 14 million car finance deals included a discretionary commission arrangement (DCA) in the loan contract, which people were unaware of, and may entitle you to compensation

Economics

45 h. ago UK car finance scandal: How Scottish drivers can claim £700 compensation pay out for unfair car loans

Up to 14 million customers could be in line for a compensation pay out.

Economics

46 h. ago Martin Lewis urges people to do one thing to ensure £700 car finance compensation next year

Around 14 million people have been mis-sold car finance and due compensation.

Economics

54 h. ago Car finance scandal: What happened and are you eligible for £700 compensation payout?

Millions are expected to receive an average payout of £700 from the redress scheme revealed by the Financial Conduct Authority

Economics

60 h. ago Up to 14m car loan scandal victims in line for average £700 payout, City regulator announces

City regulator unveils compensation scheme for motorists who bought cars via discretionary commission deals from 2007 to 2024Victims of the UK’s car finance scandal are likely to receive compensation payouts averaging £700 resulting from 14m unfair loans, the City regulator said on Tuesday.The payouts would be less than previously expected, but the Financial Conduct Authority (FCA) said lenders could be landed with an £8.2bn compensation bill, which could go as high as £9.7bn. Continue reading...

Economics

60 h. ago Millions of motorists to be paid compensation over car finance scandal

Compensation for unfair motor finance deals will be paid out at around £700 each, the Financial Conduct Authority has said

Economics

61 h. ago Car finance compensation figure finally revealed as millions of drivers set for payout

Drivers who took out personal contract purchase (PCP) or hire purchase agreements before between April 6 2007 and November 1 2024 where commotion was payable by the lender to the broker will be paid

Economics

61 h. 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.

Economics

61 h. ago Millions of car buyers could share £8billion payout after finance scandal

City regulator the Financial Conduct Authority has published details of an industry wide compensation scheme

Economics