FCA sets out detail on redress scheme for UK motor finance industry

Up to 14 million people could still be eligible, with costs of up to £18 billion.

The UK FCA has confirmed it will consult with lenders on a redress scheme for motor finance customers who were treated unfairly, and that its terms will be published by October. The move comes in the wake of last Friday’s Supreme Court judgment that overturned a Court of Appeal

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