Mastodawn

Car finance payouts could be delayed by years over legal challenges, says FCA https://www.theguardian.com/business/2026/jun/09/car-finance-payouts-delayed-legal-challenges-fca-complaints #MotorFinance #FinancialConductAuthority #Business #Regulators #UkNews #FinancialSector #Motoring #ConsumerAffairs #ConsumerRights #Money

Car finance payouts could be delayed by years over legal challenges, says FCA

Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog

The Guardian

World news | The Guardian May 6

UK regulator launches review of ‘aggressive’ claims management firms amid compensation concerns https://www.theguardian.com/business/2026/may/06/uk-regulator-launches-review-of-aggressive-claims-management-firms-amid-compensation-concerns #FinancialConductAuthority #Business #MarketingPr #Advertising #MotorFinance #Regulators #UkNews #Law

UK regulator launches review of ‘aggressive’ claims management firms amid compensation concerns

FCA focuses on marketing, misleading ads, unfair exit fees and people being signed up without their permission

The Guardian

World news | The Guardian May 1

FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims https://www.theguardian.com/business/2026/may/01/fca-legal-challenges-compensation-scheme-car-loan-motor-finance #MotorFinance #FinancialConductAuthority #AutomotiveIndustry #Regulators #Business #UkNews

FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims

Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’

The Guardian

World news | The Guardian Apr 19

Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts https://www.theguardian.com/business/2026/apr/19/carmakers-uk-loan-scandal-payouts #AutomotiveIndustry #MotorFinance #FinancialConductAuthority #Ford #Bmw #Stellantis #VolkswagenVw #Toyota #Business #Regulators #UkNews

Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts

Filings suggest manufacturers’ lending arms have massively underestimated bill from FCA’s £9.1bn redress scheme

The Guardian

World news | The Guardian Apr 8

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation https://www.theguardian.com/business/2026/apr/08/close-brothers-shares-surge-uk-bank-comfortably-absorb-car-finance-compensation #MotorFinance #Banking #Business #UkNews

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

The Guardian

World news | The Guardian Mar 30

FCA to release details of UK car finance scandal compensation scheme https://www.theguardian.com/business/2026/mar/30/fca-uk-car-motor-finance-scandal-compensation-scheme #MotorFinance #FinancialConductAuthority #Regulators #LloydsBankingGroup #BancoSantander #Barclays #CloseBrothers #BorrowingDebt #Motoring #Banking #Business #UkNews #StockMarkets

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

The Guardian

World news | The Guardian Mar 27

Lloyds Bank faces £66m court battle with car loan customers https://www.theguardian.com/business/2026/mar/27/lloyds-bank-66m-court-car-loan-law-fca #LloydsBankingGroup #MotorFinance #Business #Banking #BorrowingDebt #Money #UkNews #FinancialConductAuthority #FinancialSector #ConsumerRights #ConsumerAffairs

Lloyds bank faces £66m court battle with car loan customers

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them

The Guardian

World news | The Guardian Mar 17

Close Brothers banking group to cut 600 jobs amid cost of car finance scandal https://www.theguardian.com/business/2026/mar/17/close-brothers-banking-group-cut-jobs-car-finance-shares #Banking #MotorFinance #Business #UkNews

Close Brothers banking group to cut 600 jobs amid cost of car finance scandal

Specialist lender’s shares plunge after short seller claims it will have to raise provision for compensation

The Guardian

World news | The Guardian Jan 25

City minister accused of ignoring £2bn car finance tax loophole https://www.theguardian.com/business/2026/jan/25/city-minister-accused-ignoring-car-finance-tax-loophole #MotorFinance #FinancialSector #BanksAndBuildingSocieties #Banking #AutomotiveIndustry #Money #Business #CorporateGovernance #Barclays #LloydsBankingGroup #BancoSantander #OfficeForBudgetResponsibility #FinancialConductAuthority #Regulators #Politics #UkNews

City minister accused of ignoring £2bn car finance tax loophole

Critics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandal

The Guardian

valkyriexi at KillBait Oct 13, 2025

Lloyds raises provisions to £1.95bn amid FCA car finance compensation plans

Lloyds Banking Group has increased its financial provision by £800 million, bringing the total to £1.95 billion to cover expected costs from the car finance mis-selling scandal. The Financial Conduct Authority (FCA) is consulting on a compensation scheme that could affect up to 14.2 million car fina... [More info]