The FCA is investigating whether people were unfairly left out of pocket, while there is also a court appeal due to take place next month that could potentially mean even more drivers would be owed money
The FCA issued a major update on the car finance mis-selling investigation affecting millions of drivers. The FCA is investigating potential unfairness due to discretionary commission agreements and a recent court ruling may expand eligibility for compensation. The FCA has been granted permission to intervene in the court case and may consult on a redress scheme. Consumers should complain directly to the lender, not the broker or dealer, before December 4th.
