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Evening Standard
Evening Standard
Anna Wise

UK watchdog launches £1m car finance campaign to warn of unnecessary fees

United Kingdom FCA the Financial Conduct Authority CMC Instagram
The FCA is consulting on a motor finance redress scheme for consumers who lost out (Gareth Fuller/PA) - (PA Archive)

The UK’s financial watchdog is teaming up with influencers as part of a £1 million campaign to raise awareness of the potential perils of car finance claim adverts.

The Financial Conduct Authority (FCA) said it wants to let consumers know they do not need to use a claims management company (CMC) or a law firm to access its motor finance compensation scheme.

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