British motorists are poised to receive automatic compensation payments following the Financial Conduct Authority’s (FCA) announcement of a comprehensive redress scheme addressing the motor finance mis-selling scandal. The regulatory body
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The Treasury has announced a review into the Financial Ombudsman Service (FOS), following concerns that the body has overstepped its powers as a complaints adjudicator into the realm of a
The British government is exploring a novel approach to stimulate electric vehicle (EV) sales through subsidised consumer loans. Ministers have initiated discussions with automotive finance providers to expand access to
Britain’s financial watchdog has broadened the scope of motor finance complaints to encompass vehicle leasing arrangements, whilst extending the deadline for lenders to respond to claims until December 2025. This
British banks witnessed a significant share price surge after the Supreme Court granted permission to hear an appeal concerning car loan misselling claims, potentially worth billions of pounds in compensation.
The chief executive of Lloyds Bank has warned that a recent legal ruling concerning car financing agreements has created significant investment uncertainty within the consumer finance sector. Charlie Nunn expressed
A groundbreaking court ruling involving a £1,651 commission on a Suzuki Swift could trigger a devastating £13 billion compensation crisis for the car finance industry. Marcus Johnson, a 34-year-old factory
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