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Evening Standard
Evening Standard
World
Nuray Bulbul

Martin Lewis and FCA claims people who bought a car on motor finance before 2021 could be owed money

Martin Lewis FCA

Millions of drivers who purchased cars via auto financing may be in line for a payout, according to the UK financial watchdog.The Financial Conduct Authority (FCA) revelation has been termed "the new PPI" by Martin Lewis, who describes it as a scandal in which consumers may have been unfairly charged inflated prices for car loans.

The Financial Conduct Authority said on Thursday (January 12) that it had decided to examine whether a compensation scheme was needed to deal with the alleged large-scale mis-selling.

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