City watchdog faces legal action over £9.1bn compensation scheme for car loan victims
A consumer group is preparing to take the City watchdog to court in the hope of overhauling a £9.1bn compensation scheme that it claims massively shortchanges victims of the UK car loan scandal.
City watchdog faces legal action over £9.1bn car finance compensation scheme
A consumer group is preparing a legal challenge against the City watchdog over concerns that its car finance redress scheme will short-change millions of people.
Consumer Voice to challenge FCA car finance compensation scheme
Consumer champion Consumer Voice is to challenge the Financial Conduct Authority’s motor finance compensation scheme, potentially delaying payouts for millions of people.
Car finance scandal compensation could be delayed as consumer group launches legal actions
The Financial Conduct Authority said in March that drivers were due to receive an average of £829 in compensation for mis-sold car finance – but a consumer group says this would leave many out of pocket.
