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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

Car finance: what is the FCA looking into and will people get money back?

Traffic along a motorway
In recent years PCPs have been used by about eight in 10 new car buyers. Photograph: Andrew Matthews/PA

The financial watchdog has announced that it is investigating the car loans market to see if commission payments to brokers were too high. If the Financial Conduct Authority (FCA) finds against the brokers, it could trigger payouts to potentially millions of car buyers.

What car finance is the FCA looking at?

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