Car finance payouts could be delayed by years over legal challenges, says FCA

The Guardian9 jun 2026Markt
Automatisch samengesteld met AI uit de vermelde bronnen

The FCA estimates that abandoning its £9.1bn compensation scheme in favour of a complaints-led approach would add £6bn of costs for lenders and take three years to resolve. The regulator faces legal challenges from Volkswagen Financial Services, Mercedes-Benz Financial Services, Crédit Agricole Auto Finance, and the campaign group Consumer Voice, which could push payouts—originally expected as early as summer 2026—into 2027 even if the scheme is upheld.