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The Latest Breaking News from Consumer Voice

Financial watchdog accused of ‘short-changing’ motorists on motor finance compensation

The FCA has said it will defend its motor finance compensation scheme as the best way to resolve a long-running saga

The Independent UK

FCA accused of prioritising lenders over consumers in car finance redress scheme

In new court filings, the FCA is accused of making decisions partly led by a desire to limit the financial strain to lenders.

Evening Standard

Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme

FCA chief, Nikhil Rathi, warned of ‘adverse consequences’ if challenge made to settlement, court filings allege

The Guardian - UK

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City watchdog attacks consumer group in £9.1bn car loan payout battle

FCA clashes with Consumer Voice, alleging lack of transparency and conflict of interest

The Guardian - UK

Millions Could Wait Longer for Car Finance Compensation—Here's What UK Drivers Should Do Now

Millions of UK motorists could wait longer for car finance compensation after a tribunal paused the FCA's redress scheme. Here's what drivers should do next.

International Business Times UK

FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims

Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’

The Guardian - UK

Mercedes-Benz among firms to challenge FCA’s car finance compensation scheme

It comes days after several of the UK’s biggest lenders said they had decided not to pursue a challenge.

Evening Standard

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Mercedes-Benz among firms to challenge FCA car finance compensation scheme – here’s what to know

It comes days after several of the UK’s biggest lenders said they had decided not to pursue a challenge

The Independent UK

Path clears for city watchdog to proceed with £9.1bn car finance payout scheme

The Finance and Leasing Association said it had ‘concerns’ about the programme but that it was choosing not to raise a legal challenge.

Evening Standard

City watchdog faces legal action over £9.1bn car finance compensation scheme

Consumer Voice is to apply to the upper tribunal for a review of the scheme.

Evening Standard

City watchdog faces legal action over £9.1bn compensation scheme for car loan victims

Exclusive: Lawyers for group Consumer Voice notified FCA they are challenging redress scheme as inadequate

The Guardian - UK

UK lenders paid car dealers cash upfront that may have led to costlier loans

Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers

The Guardian - UK

Supreme court judges reject Reeves’ motor finance intervention

Chancellor had sought to prevent lenders caught up in commissions scandal being handed £44bn bill

The Guardian - UK

FSSAI’s star ratings for food products may mislead consumers: experts

Experts say IIM-Ahmedabad study is flawed in ‘design and interpretation’

The Hindu

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