FCA ordered to partly suspend car finance compensation scheme
Politics

FCA ordered to partly suspend car finance compensation scheme

Court orders financial watchdog to halt parts of £9.1bn scheme until challenges are heard, delaying payoutsBusiness live – latest updatesThe UK’s financial watchdog has been forced to partly suspend its £9.1bn car finance compensation scheme, delaying payouts for millions of motorists.The Financial Conduct Authority had expected the scheme would this year start paying out £830 on average to those affected by the motor finance scandal, in which drivers were overcharged for loans as a result of co

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The Guardian World — The Guardian World
2 July 2026
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Originally published by The Guardian World. Read the full article →

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