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Lloyds Bank Battles FCA Over Eleven Billion Car Finance Scheme As Profits Take Hit

Lloyds Bank has stated it will contest the Financial Conduct Authority’s (FCA) expansive plans for an £11bn car finance compensation scheme, after the mounting cost of the scandal significantly hit

A black Mini Cooper is parked on a cobblestone street with motion blur in the background. The cars headlights and chrome accents are prominent. The building facades are old and detailed, adding an urban European feel to the scene.

Cars2 months ago

City Watchdog under Fire over Lack of Clarity in Car Loan Redress Scheme

The Financial Conduct Authority (FCA) is facing sharp scrutiny from the House of Lords over its proposed £11 billion compensation scheme for mis-sold motor finance. Senior FCA executives, including chief

Black DS 7 Crossback SUV parked outdoors. from Stockmark.it

Cars3 months ago

Stellantis Braces For Thirty Seven Million Pound Hit From Car Finance Scandal

Stellantis, the automotive group behind brands such as Vauxhall and Peugeot, is preparing for a staggering £37 million financial blow amid the ongoing mis selling scandal affecting the motor loans

Automotive8 months ago

Millions of Motorists Set for Automatic Compensation in Car Finance Misselling Scandal

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