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Evening Standard
Evening Standard
Vicky Shaw

FCA likely to consult on motor finance redress if widespread failings found

FCA the Financial Conduct Authority
The Financial Conduct Authority is set to consult on an industry-wide redress scheme (Gareth Fuller/PA) - (PA Archive)

The City regulator is poised to consult on an industry-wide redress scheme if motor finance customers are found to have lost out from widespread failings by firms.

The Financial Conduct Authority (FCA) issued a statement saying that it wants “to provide as much certainty as possible to firms, consumers and stakeholders”.

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