UK regulator to decide on motor finance redress consultation by Monday
ReutersAug 1, 2025 5:18 PM
LONDON, Aug 1 (Reuters) - The Financial Conduct Authority, a British regulator, said on Friday it would announce before financial markets open on Monday whether it would consult on a redress scheme for consumers with motor finance claims.
The FCA made the announcement shortly after the Supreme Court overturned a ruling on car finance commissions, a decision which is likely to ease the fears of banks about the extent of any redress scheme.
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