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The Latest Breaking News from FCA

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

The Guardian - UK

Close Brothers says £320m car finance hit can be ‘comfortably absorbed’

Shares in the lender were up by nearly a fifth on Wednesday morning.

Evening Standard

NHS staff push back against using 'ethically bankrupt' Palantir software, say 'it doesn't do anything new for us'

Some NHS workers are refusing to use Palantir software over the company's ties to controversial activity.

TechRadar

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‘Game changing’ support set to help millions navigate their financial lives

Financial firms will be able to provide suggestions designed for groups of consumers with common characteristics.

The Independent UK

Claim sooner rather than later, experts urge, after £7.5bn car loan compensation scheme launched

The key takeaways for who is eligible and how to seek redress from the new FCA motor finance scheme

The Guardian - UK

Lloyds sticks to £2bn provision for motor finance compensation

This is despite the FCA making a number of changes to the scheme, compared to its original proposals set out last year.

Evening Standard

Lenders to have greater flexibility offering higher loan to income mortgages

The Building Societies Association has welcomed a consultation from the Prudential Regulatory Authority and Financial Conduct Authority.

Evening Standard

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FCA car finance compensation scheme: What is it and who is eligible for payment?

The Financial Conduct Authority (FCA) said it is launching a £7.5 billion compensation scheme to give cash back to Britons impacted by unfair car loans

Evening Standard

Car finance lenders shares rise after industry bill for redress cut by £2bn

Lloyds and Barclays shares were up by more than 1% and Close Brothers rising by around 2.5% on Tuesday.

Evening Standard

FTSE 100 Live 31 March: Markets rally, Unilever on brink of foods merger

A tumultuous month for financial markets is ending with the FTSE 100 index higher for a second successive session.

Evening Standard

Martin Lewis issues urgent advice to 12 million drivers affected by car finance scandal

Around 12 million drivers are now in line for a payout and each will receive an average payout of £830

The Independent UK

When will car finance compensation be paid out and how much could you get?

Financial Conduct Authority says millions of claims will be paid up this year and vast majority settled by end of 2027

The Guardian - UK

Car finance compensation: Could I be owed money and what should I do?

The FCA is launching a £7.5 billion compensation scheme to give cash back to Britons impacted by unfair car loans.

Evening Standard

Why two million drivers will miss out on FCA car finance compensation

IN FULL

The Independent UK

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Evening Standard

FCA's car finance redress scheme promises average £829 payouts for millions of drivers

Millions of drivers mis-sold car finance deals to receive compensation under the FCA's new redress scheme

The Independent UK

Millions who were mis-sold car loans to get average £829 payout in final scheme

The regulator is expecting the total amount of redress paid under its scheme to be about £7.5 billion.

The Independent UK

How to claim compensation after car finance scandal ruling

IN FULL

The Independent UK

Car finance scandal compensation scheme revealed as motorists to receive £829 average payout

Around 12 million drivers mis-sold car loans could be eligible

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The Independent UK

Millions of drivers to get compensation after being mis-sold car finance – here’s how much

IN FULL

The Guardian - UK

Car finance victims to get an average £830 payout but fewer loans eligible

City regulator reduces number of loan agreements in line for compensation from 14m to 12m

Evening Standard

Watchdogs join up to tackle saga motorists face making car finance claims

Final decisions on the long-awaited programme will be published by the FCA.

Evening Standard

Car finance saga: Millions of motorists to find out how they will be compensated

Final decisions on the long-awaited programme will be published by the Financial Conduct Authority (FCA) on Monday afternoon.

The Independent UK

Millions of motorists to find out how they will be compensated after car finance saga

The FCA previously estimated that approximately 14 million deals, representing 44 per cent of all agreements since 2007, were unfairly sold

The Guardian - UK

Lloyds bank faces £66m court battle with car loan customers

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them

Evening Standard

Car finance saga: Millions of motorists to find out how they will be compensated

Final decisions on the long-awaited programme will be published by the Financial Conduct Authority (FCA) on Monday afternoon.

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