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Evening Standard

Anna Wise

Mercedes-Benz among firms to challenge FCA’s car finance compensation scheme

FCA MercedesBenz United Kingdom Consumer Voice Lloyds

Mercedes-Benz is challenging the FCA’s car finance compensation scheme (Alamy/PA) -

Mercedes-Benz and two other lenders have moved to challenge the financial watchdog’s compensation scheme for motorists who were mis-sold a car loan.

The Financial Conduct Authority (FCA) will face a legal battle over its redress programme, after a group representing consumers also lodged an appeal.

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One subscription that gives you access to news from hundreds of sites

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