Motor Finance

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 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