Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Anna Wise

Why are banks criticising the car finance redress scheme and what happens next?

Santander has urged the Government to step in over the proposed car finance compensation scheme (Gareth Fuller/PA) - (PA Wire)

Santander has urged the Government to step in over proposals that will see lenders pay out billions of pounds to consumers unfairly sold a car loan.

It raises the bar among motor finance lenders after others raised concerns about the Financial Conduct Authority’s (FCA) plans for compensation.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.