11 h. ago The outrageous reason why millions of victims of the car finance scandal may be unable to claim payouts

Millions of car loan customers unwittingly paid commission to car dealership salesmen through higher interest borrowing charges.

Economics

19 h. ago Close Brothers issues major update on expected car finance compensation bill

It comes a day after Lloyds Banking Group announced they would be challenging the proposed scheme

Economics

45 h. ago Car finance compensation explained as millions of Brits could be owed money

Millions of drivers could be due an average of 700 each after the Financial Conduct Authority said it will set up a compensation scheme for those who may have been mis-sold car finance

Economics

46 h. ago Lloyds Bank to challenge car finance compensation scheme after £2bn estimation

The financial services company is pushing for a fairer redress system

Economics

47 h. ago Lloyds warns car finance compensation could cost it nearly £2bn due to historic cases

Most of the car finance deals covered by the FCA’s scheme involve DCAs

Economics

48 h. ago Lloyds hikes cash set aside for car finance scandal payouts to £2BN

Lloyds on Monday said it would raise its concerns with the Financial Conduct Authority as it ramped-up provisions for potential costs by £800million.

Economics

48 h. ago FTSE 100 Live 13 October: Lloyds lifts car finance provision, mortgage rates rise

Lloyds Banking Group today made a big increase to the amount it will need to cover motor finance mis-selling compensation.

Economics

49 h. ago Lloyds warns car finance compensation scheme could cost it nearly £2bn

The banking group said it was expecting there to be a higher number of historical motor finance agreements that are eligible for redress.

Economics

3 d. ago Car finance compensation explained as millions of drivers owed £700

Consumer champion Martyn James explains everything you need to know about the car finance scandal, as millions of drivers are owed compensation

Economics

3 d. ago 7 tips to keep your car running in winter and avoid £2,500 fine

MoneyMagpie Editor and financial expert Vicky Parry shares top tips to keep car costs low and avoid unexpected fines

Economics

4 d. ago First Brands: why a maker of spark plugs and wiper blades has Wall Street worried

Investors fear that the collapse of the car parts company – and the size of its debt – could portend wider problemsFinancial problems at the maker of spark plugs, wiper blades, brake calipers, brake shoes, tow hitches and motor oil has caused intense anxiety on Wall Street in recent weeks.Car parts are not usually something that causes finance chiefs to lose much sleep. But the potentially multi-billion dollar financial crisis surrounding First Brands has them rattled. Continue reading...

Politics

5 d. 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

5 d. 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

6 d. 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

6 d. ago Lloyds warns of ‘material’ extra provision needed for car finance payouts

Lloyds has significant exposure to the car finance industry.

Events

6 d. 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

6 d. 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

6 d. 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

6 d. 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

6 d. 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