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Evening Standard
Evening Standard
Anna Wise

Payouts on UK watchdog’s car finance compensation scheme paused by tribunal

United Kingdom FCA
Millions of motorists who were mis-sold a car loan will find out how they will be compensated (Alamy/PA) -

The UK’s financial watchdog has been forced to pause payouts on its £9.1 billion car finance redress scheme, meaning millions of motorists are facing further delays to compensation.

The Financial Conduct Authority (FCA) is facing legal challenges from four companies who are not happy with its plans to compensate people mis-sold a car loan.

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