37 h. ago FCA issues car finance compensation warning to people waiting on payout decision

The city regulator estimates that most individuals will probably receive less than £950 in compensation.

Events

7 d. ago How to work out if YOU can claim £950 from the car finance scandal

It's the scandal dubbed 'PPI on Wheels' Last week the Supreme Court dealt a blow to millions of drivers hoping for a payout on their car finance deals.

Economics

9 d. ago Martin Lewis says millions of drivers 'likely' owed as much as £950

The FCA has said it will consult on an industry-wide compensation scheme that could see millions of drivers receive a payout after it emerged many motor finance firms were not complying with rules

Economics

9 d. ago Business news live: FCA considers compensation scheme over car finance scandal and FTSE 100 rises as stock markets recover

Stock market news and latest business and finance updates from Monday

Economics

9 d. ago Business news live: FCA considers compensation scheme over car finance scandal and FTSE 100 rises

Stock market news and latest business and finance updates from Monday

Economics

9 d. ago What you need to know about the FCA car finance compensation plan that could lead to payouts for millions

Millions of drivers could still receive a pay out for 'mis-sold' car finance deals after the Financial Conduct Authority (FCA) said it is looking into a compensation scheme.

Economics

1 week ago Millions in line for payouts from £18bn car loan compensation scheme

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 a multibillion-pound compensation package after the City regulator said it would open a redress scheme for consumers affected by the car finance scandal.The Financial Conduct Authority (FCA) will consult on the redress scheme, which could cost banks between £9bn and £18bn when it begins paying consumers compensation next year. Continue reading...

Economics

1 week ago Millions will share up to £18bn as FCA unveils car loan compensation scheme

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...

Economics

1 week ago City regulator unveils car loan compensation scheme worth up to £18bn

FCA says motorists should start to receive payments in 2026 with ‘most individual payouts likely to come in under £950’Explainer: what the supreme court ruling means for UK motoristsDrivers could be handed a share of between £9bn and £18bn in compensation next year, after the City regulator said it would consult on a redress scheme for consumers affected by the car finance scandal.The Financial Conduct Authority (FCA) said on Sunday it plans to launch the redress scheme in 2026, with consumers “starting to receive compensation next year”. Continue reading...

Economics