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The Independent UK
The Independent UK
Business
Jordan Reynolds

Motor finance customers could receive payout as FCA will consult on scheme

Motor finance customers could receive a payout after the Financial Conduct Authority (FCA) announced it will consult on an industry-wide compensation scheme.

Many motor finance firms were not complying with rules or the law by not providing customers with relevant information about commission paid by lenders to the car dealers who sold the loans, the FCA said.

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