FCA Unveils £11B Car Loan Compensation Plan
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Financial Conduct Authority unveils its final plan for compensating millions over mis-sold car loans, with an estimated cost of £11 billion. The plan covers deals from April 2007 to November 2024, with 14 million agreements deemed unfair, resulting in average payouts of £700 each. Lenders and consumer groups have differing views on the compensation amounts, while experts advise individuals to check their eligibility and use available tools to streamline the process.
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