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FCA calls for a fair redress scheme in UK motor finance case

Cars parked on grass.
Millions of cars are bought through finance schemes in the UK each year. Photo: Anna Barclay/Getty Images

Regulator in a difficult position as it tries to strike balance between customer protection and market stability.

The UK’s financial regulator has called for a potential redress scheme that is fair to both the affected consumers as well as lenders in the now infamous car finance scheme.

The FCA’s statement comes as the Supreme Court prepares to give what is expected to be a landmark ruling in