Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Rupert Jones

Car finance victims to get an average £830 payout but fewer loans eligible

FCA Rachel Reeves
Three people examining a blue electric car in a showroom
The FCA scheme is intended to draw a line under the car finance scandal. Photograph: Maskot/Getty Images

Victims of the car finance scandal will be in line for payouts worth £830 on average, as the City regulator tightened the rules of its compensation scheme to cover fewer contracts.

The Financial Conduct Authority (FCA) released the final details of its planned redress programme, saying it had narrowed the number of loan agreements eligible for payouts from 14m to 12.1m contracts.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
People Share Why They Decided To Skip A Second Date, Here Are The 64 Best Answers
Dating involves getting to know another person, which also means discovering all the little quirks they might not have mentioned in their profile. Some are endearing, some are harmless, and others can somehow make an otherwise decent date feel like an endurance test. The people behind these stories had their…
Bored Panda
Bored Panda
Whether `stringing' or `looping,' tobacco is the tie that binds many North Carolina farm families
It's called “stringing” or “looping,” depending on what part of North Carolina you're from
The Independent UK
The Independent UK
Mariah Carey wins dismissal of brother’s defamation lawsuit over her memoir
Morgan Carey sued his sister over claims in her 2020 memoir, The Meaning of Mariah Carey, which he said falsely portrayed him as a violent drug dealer
The Guardian - AU
The Guardian - AU
Kanye West And Bianca Censori Hit With Fierce Backlash Over Her Latest Fishnet Look: “Humiliating His Wife”
Bianca Censori’s latest revealing appearance with Kanye West has revived years of speculation about their relationship, despite her insisting that her provocative outfits are entirely her choice.
Bored Panda
Bored Panda
Man says his fiancée doesn’t think what he did was technically cheating, but she still ended their 4-year relationship
Two calls reportedly ended it all.
We Got This Covered
We Got This Covered
That Dryer Sheet in Your Mailbox Isn’t Trash — Here’s Why It May Be There
A dryer sheet tucked inside a mailbox can look like a piece of laundry that took a wrong turn. Yet someone may have placed it there deliberately, hoping to discourage insects, spiders, or other unwanted visitors. The idea circulates widely among homeowners, but the explanation deserves a closer look.
Clever Dude
Clever Dude
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play