Close Brothers has been dealt a significant blow as the bank announced an additional £33 million provision to reimburse customers for overpayments within its car loans division. This charge compounds
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The UK financial watchdog is scrutinising 30 million car finance agreements, as part of a sweeping investigation into potentially mis-sold loans that may trigger a multibillion-pound compensation scheme. Nikhil Rathi,
The Financial Conduct Authority (FCA) is on the verge of introducing a compensation scheme that could see banks proactively inform borrowers if they have been mis-sold car loans, potentially resulting
