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FCA to consult on a compensation scheme for motor finance customers 03/08/2025

News Financial services Consultations
Date: 3rd Aug, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On 03/08/2025", the "Financial Conduct Authority" issued an update regarding "FCA to consult on a compensation scheme for motor finance customers". The FCA will consult on an industry-wide scheme to compensate motor finance customers who were treated unfairly, with plans to finalise the rules by early 2026.

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Financial Conduct Authority

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