Mastodawn

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

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]