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...
