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Evening Standard
Evening Standard
National
Anna Wise

Watchdog warns millions face ‘fresh uncertainty’ over car finance compensation

The financial watchdog has warned that millions of consumers face ‘fresh uncertainty’ about car finance compensation (Jacob King/PA) - (PA Wire)

The financial watchdog has warned that millions of consumers face “fresh uncertainty” about compensation for being mis-sold a car loan as it faces a legal battle over its £9.1 billion scheme.

Three lenders and a consumer group have launched legal challenges to the Financial Conduct Authority’s (FCA) industry-wide redress scheme after setting out the final details in March.

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