motor finance redress

FCA forced to suspend elements of £9bn motor finance scheme

3rd July 2026 Consumer Lending | #motor finance redress

The Financial Conduct Authority (FCA) has been forced to suspend parts of its £9.1 billion car finance compensation scheme, delaying payouts for millions of motorists. The scheme aimed to compensate drivers overcharged for loans due to commission payments between lenders and car dealers from 2007 to 2024. A hearing is set for December or February,…

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motor finance redress

FCA forced to suspend elements of £9bn motor finance scheme

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