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The Independent UK
The Independent UK
Business
Anna Wise

UK drivers mis-sold car finance face longer wait for compensation payouts

United Kingdom FCA

Millions of motorists awaiting compensation from the UK’s £9.1 billion car finance redress scheme face further delays after the financial watchdog was forced to pause payouts.

The Financial Conduct Authority (FCA) has suspended the process, facing legal challenges from four companies unhappy with its plans to compensate those mis-sold car loans.

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