The City watchdog has issued a new warning over a scheme designed to repay UK drivers an average of £830.

The FCA’s motor finance redress scheme has been partly suspended, delaying compensation payments while Upper Tribunal legal ...

Millions of UK motorists could wait longer for car finance compensation after a tribunal paused the FCA's redress scheme.

The City watchdog has warned motor finance lenders it is "very concerned" with how prepared the industry is to implement its £9bn redress scheme. The Financial Conduct Authority (FCA) dispatched ...

Millions of drivers must wait even longer for compensation over mis-sold car finance, as the scheme has been partially suspended.

After markets closed on Monday 30 March 2026, the FCA published its Policy Statement (PS26/3) on motor finance redress. The FCA consulted on the redress scheme in October 2025 (see this Latham blog ...

An attempt to block mass lawsuits over the car finance mis-selling scandal has been denied as millions of drivers await ...

Judges have dismissed an appeal by one of the UK's largest lenders, which aimed to stop lawyers bringing "omnibus" claims on ...

What will the scheme cover? The FCA is proposing that the scheme would cover regulated motor finance agreements taken out by consumers between 6 April 2007 and 1 November 2024 in connection with which ...

LONDON, Aug 3 (Reuters) - Britain's Financial Conduct Authority (FCA) on Sunday proposed a redress scheme for consumers with motor finance compensation claims following last week's Supreme Court ...

Shares in Close Brothers Group (LSE:CBG) dropped more than 5% on Monday after RBC Capital Markets downgraded the stock to “sector perform” from “outperform” and reduced its price target to 470p from ...

A Court of Appeal ruling has potentially cleared the way for thousands of motor finance claims against major lenders to continue.