The Financial Conduct Authority (FCA) has outlined proposals for an £11 billion compensation scheme for millions of motorists who were unfairly overcharged for car finance between 2007 and 2024. The £11bn total includes admin fees and is on the lower end of the FCA's previously earmarked
Motor Finance
1-3 of 3 Articles
Motor insurers have changed their settlement and compensation practices after the Financial Conduct Authority (FCA) found some insurers had short-changed customers on stolen or written off vehicle claims. It means that an estimated 270,000 motorists are expected to receive £200 million i
Andrew Foyle analyses the ramifications of a Supreme Court judgment on motor finance commissions, exploring the subsequent uncertainty for lenders and consumers, and the anticipated regulatory response from the Financial Conduct Authority. On 1 August 2025, the Supreme Court issued its judgment in t

