Ministers are under pressure to address a loophole that could see UK banks and specialist lenders avoid paying £2 billion in tax on compensation payouts linked to a major car
All posts tagged in motor finance
6Articles
The chief executive of the Financial Conduct Authority, Nikhil Rathi, is embarking on a mission to Detroit this week to secure backing for the regulator’s controversial £11 billion consumer compensation
The UK’s car finance sector has been spared a financial earthquake after a Supreme Court judgment reduced the potential compensation bill facing lenders and dealers. The decision on a long-running
The Financial Conduct Authority (FCA) has indicated that compensation awarded to consumers in the ongoing car finance scandal is expected to be much less than the sums paid during the
Close Brothers, one of the United Kingdom’s leading car loan providers, has reported a staggering operating loss of £103.8 million for the six months leading up to 31 January. This
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
