Car finance scandal: Payouts of £700 per driver under compensation plans
Source: BBC
Kevin PeacheyCost of living correspondentGetty ImagesMillions of victims of car finance mis-selling could receive less compensation than previously estimated, under plans from the regulator.The Financial Conduct Authority (FCA) said payouts could result from 14 million motor finance agreements between April 2007 and November 2024.The regulator previously suggested motorists could receive less than £950 per deal,…
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