FCA to release details of UK car finance scandal compensation scheme
Redress programme for 14m motor finance agreements will be set out by regulator on Monday afternoon Business live – latest updates Millions of drivers will discover how much can they claim over the car finance scandal on Monday, as the City regulator sets out the final terms of its compensation scheme. The Financial Conduct Authority (FCA) will release the details of its redress programme for 14m motor finance agreements after 4:30pm, ensuring that the information comes out after stock markets c
City regulator reduces number of loan agreements in line for compensation from 14m to 12m
Explainer: how will the payout scheme work?
Victims of the car finance scandal will be in line for payouts worth £830 on average, as the City regulator tightened the rules of its compensation scheme to cover fewer contracts.
The Financial Conduct Authority (FCA) released the final details of its planned redress programme, saying it had narrowed the number of loan agreements eligible for payouts from 14m to 12.1m contracts.
Coverage from 2 sources
- FCA to release details of UK car finance scandal compensation schemeGuardian - World · Kalyeena Makortoff Banking correspondent · Mar 30, 2026, 1:47 PM
- Car finance victims to get an average £830 payout but fewer loans eligibleGuardian - World · Kalyeena Makortoff and Rupert Jones · Mar 30, 2026, 9:26 PM
Coverage by lean
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