Car finance redress plan 'impractical', says trade body
Source: BBC
The financial regulator's proposed redress scheme for car finance mis-selling is "completely impractical", the trade body for the car finance industry has said.Stephen Hadrill of the Finance and Leasing Association (FLA) told the BBC there was concern that the redress scheme would cover loans from as far back as 2007, as firms and customers may no longer have the paperwork for that time.On Friday, the Supreme…
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