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
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BMW’s UK motor finance arm has dramatically increased the amount earmarked for potential compensation payouts as the ripples from the car finance mis-selling scandal continue to reverberate through the financial
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
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 chasm between projected car finance compensation costs and current lender provisioning has drawn sharp analysis across the sector. The Financial Conduct Authority anticipates lenders may have to pay between
