UK's FCA will consult on redress scheme for motor finance claims
ReutersAug 3, 2025 1:46 PM
LONDON, Aug 3 (Reuters) - Britain's Financial Conduct Authority (FCA) said on Sunday it would consult on a redress scheme for consumers with motor finance claims following a Supreme Court ruling last week.
"At this stage, we think it is unlikely that the cost of any scheme, including administrative costs would be materially lower than 9 billion pounds and it could be materially higher," the FCA said in a statement.
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