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FCA ordered to partly suspend car finance compensation scheme
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FCA ordered to partly suspend car finance compensation scheme

The Guardian · Jul 2, 2026, 1:44 PM · Also reported by 2 other sources

Why this matters: a developing story that could shape the day's news cycle.

Court orders financial watchdog to halt parts of £9.1bn scheme until challenges are heard, delaying payouts Business live – latest updates The UK’s financial watchdog has been forced to partly suspend its £9.1bn car finance compensation scheme, delaying payouts for millions of motorists.The Financial Conduct Authority had expected the scheme would this year start paying out £830 on average to those affected by the motor finance scandal, in which drivers were overcharged for loans as a result of commission payments between lenders and car dealers between 2007 and 2024. Continue reading...

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The Hindu Finance Minister launches VB -G-RAM-G scheme in Anantapur BBC Business Car finance compensation payments delayed until next year

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