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The Latest Breaking News from FCA

Car loans: Why could drivers still get compensation after court ruling?

The UK’s financial regulator is to consult on consultation payments after a landmark court ruling on motor finance agreements.

Evening Standard

Motor finance: Concerns raised that some firms’ records may be ‘patchy at best’

The Finance and Leasing Association said it will be ‘interesting to see’ how dated information will be addressed in the FCA’s consultation.

Evening Standard

Major lenders see share prices surge after car finance mis-selling ruling

A court ruling means payouts will be at the lower end of initial estimates – though are still worth billions

The Independent UK

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Shares in lenders soar after motor finance court ruling

Lloyds Banking Group and Close Brothers saw big share gains after the industry won a reprieve in the motor finance case before the UK’s highest court.

The Independent UK

Car finance scandal: shares in UK lenders jump after supreme court ruling

Lloyds and Close Brothers surge after Friday’s court decision slashed the expected bill for compensation on mis-sold loans

The Guardian - UK

EU-US trade deal hits investor confidence; Tesla awards Elon Musk almost $30bn of shares – as it happened

Rolling coverage of the latest economic and financial news, as shares in Lloyds and Close Brothers jump

The Guardian - UK

UK Lenders Face $12 Bn Plus Compensation Bill Despite Court Ruling: Watchdog

British finance firms behind high interest car loans could have to pay out more than nine billion pounds ($12 billion) in compensation despite the country's highest court ruling that most of the controversial deals were lawful, a financial watchdog said Sunday.

International Business Times

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Motor finance victims urged to complain as compensation could hit £18bn

It is thought millions have people have been affected.

Evening Standard

Martin Lewis explains how to claim car finance mis-selling compensation as FCA predicts payouts worth up to £950

Martin Lewis says there is a ’very high likelihood’ that many people will receive hundreds of pounds in compensation

The Independent UK

The Guardian view on car finance scandal redress: mis-sold loans demand action, not excuses or spin

Editorial: Millions were overcharged on car loans they didn’t fully understand. The courts said this was unfair. It’s time for regulators and ministers to deliver redress

The Guardian - UK

Car finance scandal victims to get less than £950 each in compensation

IN FULL

The Independent UK

Car finance mis-selling payout scheme could cost billions, says FCA

The Supreme Court ruled that hidden commissions from lenders to dealers on car loans were not unlawful

The Independent UK

Millions in line for payouts from £18bn car loan compensation scheme

City regulator says motorists should start to get payments in 2026 with ‘most payouts likely to be under £950’

The Guardian - UK

Car loan customers may be owed money after landmark court decision

The FCA currently estimates that most individuals will probably receive less than £950 in compensation.

Evening Standard

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The Independent UK

Motor finance customers could receive payout as FCA will consult on scheme

The FCA currently estimates that most individuals will probably receive less than £950 in compensation.

Evening Standard

Lenders do not owe millions compensation over car finance, Supreme Court rules

The Supreme Court on Friday overturned a Court of Appeal ruling that said ‘secret’ commission payments were unlawful.

The Independent UK

Car loan scandal: What supreme court ruling means for UK motorists

Only one motorist will get compensation after judges found his deal was unfair, while most claims were rejected

The Guardian - UK

Car loan scandal: what the supreme court ruling means for UK motorists

Supreme court ruling ends 18-month saga over whether or not lenders hid finance commission rates

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news in one place.

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The Independent UK

Car finance mis-selling scandal: Millions of drivers denied payouts after Supreme Court ruling

Lenders have avoided having to pay compensation to potentially millions of drivers after a long-awaited Supreme Court ruling

Evening Standard

Millions of drivers miss out on payout after landmark Supreme Court ruling on car finance

The case was brought by three motorists who all bought their cars for less than £10,000 before 2021

The Guardian - UK

Blow to consumers as supreme court hands partial win to car finance firms over loans

Millions of drivers to miss out on compensation after UK’s highest court sides with finance companies

Evening Standard

Millions set to miss out on car finance compensation after Supreme Court ruling

Two lenders challenged a Court of Appeal ruling that said ‘secret’ commission payments paid by buyers were unlawful.

The Independent UK

Supreme Court car finance ruling: Martin Lewis issues urgent warning

The Supreme Court will rule on whether millions of motorists could be entitled to compensation on their hire-purchase agreements signed before 2021

The Independent UK

Voices: Why the car financing scandal could cause an even bigger pile-up than PPI

COMMENT : If the Supreme Court blows up the car finance market over commission payments to dealers, it could lead to firms going bust, less competition and much higher prices in future, says James Moore

The Independent UK

Car finance mis-selling: How can I claim compensation and am I eligible as Supreme Court prepares verdict?

Millions of motorists would be due compensation following the ruling

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