UK financial watchdog speeds up car finance compensation

manchestereveningnews.co.uk

UK financial watchdog accelerates car finance compensation process. Motor finance firms must now handle complaints two months earlier than planned. The Financial Conduct Authority (FCA) will lift a pause on complaints handling on May 31, allowing firms to respond to customers affected by mis-sold car loans. This change prepares firms for a compensation scheme expected to launch early next year, covering potentially 14 million deals from 2007-2024.


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UK financial watchdog speeds up car finance compensation | News Minimalist