UK FCA Proposes £9–18 Billion Redress Scheme for Motor Finance Mis-Selling
Compensation expected for millions affected by improper commission models
The UK’s Financial Conduct Authority has proposed a redress scheme worth between £9 billion and £18 billion to address widespread mis-selling in the motor finance sector.
The plan follows an industry review that uncovered improper commission arrangements, and is expected to offer compensation to millions of affected car buyers.
The plan follows an industry review that uncovered improper commission arrangements, and is expected to offer compensation to millions of affected car buyers.
