5 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

6 h. ago Compensation payouts due on 14m unfair car loans, watchdog says

The Financial Conduct Authority estimated its redress scheme could cost lenders £8.2 billion in compensation.

Politics

6 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

6 d. ago Liverpool could pocket millions from Man City's 115 charges legal battle with the Premier League

Manchester City were charged with 115 alleged breaches of financial regulations in February 2023, and Premier League clubs could be in line for a major windfall if the Citizens are found guilty

Politics

1 week ago Strictly's Tom Skinner looks stressed as he gets parking ticket after Covid loan scandal

Strictly Come Dancing star Thomas Skinner has been pictured for the first time since news broke that his firm failed to pay back a £50,000 Covid loan

Science

1 week ago Strictly's Tom Skinner's firm failed to pay back £50k Covid loan after social media boast

Strictly Come Dancing contestant Thomas Skinner faces fresh scandal over unpaid £50k Covid loan as Fluffy Pillow Company accounts show no repayments five years on

Economics

1 week ago Is there VAR at Huddersfield vs Man City? Carabao Cup rules and extra

Extra-time, substitution and VAR regulations for the Carabao Cup as Manchester City begin their challenge against League One side Huddersfield Town

Politics

1 week ago Learner drivers are being conned by crooks offering fake tests and bogus lessons

High street bank TSB saw a 211% jump in total losses to this type of fraud this year with the average loss for victims at £244 after crooks con learner drivers our of cash

Politics

2 w. ago Anger at rejected insurance claims triggers watchdog to lodge 'super complaint'

Consumer body Which? has asked the City regularly to investigate home and travel insurance companies over a variety of concerns

Politics

2 w. ago BMW: car finance compensation for drivers as manufacturer sets aside £200m for loan scandal payout claims

Millions of motorists could soon pocket refunds 💷

Economics

2 w. ago Love Island's Georgia Steel joins new campaign to protect students from romance scams

New research from Tinder has uncovered a new type of online fraud: romance scams. Students and recent graduates are particularly vulnerable, with victims losing an average of over £2,000.

Politics

3 w. ago Savers pulled £70bn from pension pots last year, as fears mount of further Budget tax raid

The figures from the Financial Conduct Authority, the City regulator, marked a 36% increase on the previous year.

Economics