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International Business Times UK

David Unyime Nkanta

Car Loan Payout Frenzy Triggers UK Regulatory Backlash

FCA United Kingdom SRA CMCs ICO

They promised quick payouts and easy wins. Instead, they've unleashed chaos.

A nationwide frenzy over mis-sold car loans has spiralled into a full-blown regulatory storm, with four of Britain's most powerful watchdogs joining forces to clamp down on rogue law firms and claims management companies (CMCs) accused of deceiving consumers and exploiting legal grey zones.

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