FCA redress scheme faces legal battle for ‘under-compensating’ claimants
Redress schemes for compensating motor finance consumers could be delayed further after a campaign group brought a legal challenge over the figures being proposed.
MOTOR CLAIM Millions waiting for £800 car finance payouts face DELAYS as watchdog hit with legal battle over ‘unfair’ scheme
Consumer Voice claims millions could be left out of pocket by the Financial Conduct Authority’s (FCA) scheme, which is expected to cost lenders embroiled in the scandal £9.1billion.
Drivers ‘owed hundreds of pounds more’ in motor finance scandal
Drivers who were mis-sold car finance should be getting hundreds of pounds more in compensation, a consumer group has claimed, as it prepares to take the City watchdog to court because of its £9.1bn redress scheme.
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.
