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Lenders Flag Bigger Charges as FCA’s £11 Billion Motor Finance Redress Plan Puts Carmaker Finance Arms on the Hook

The consultation outlines compensation of about £700 per affected agreement across 14.2 million deals, with a scheme targeted to start in early 2026.

FCA Sets Out Proposed Car Finance Redress Plan With Average £700 Payouts

Four UK Watchdogs Escalate Crackdown on Motor Finance Claims Firms