FCA ordered to partly suspend car finance compensation scheme
The UK’s Financial Conduct Authority is ordered to partially suspend its £9.1 billion car finance compensation scheme until court challenges are resolved. This legal halt delays expected payouts of around £830 to millions of affected motorists. A decision on the challenges by lenders and a consumer group is anticipated in December or February.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 02 Jul 2026, 13:44 UTC · Updated 02 Jul 2026, 14:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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