Motor finance compensation scheme challenged

Article ID: ef27d903bd2b1f29e4e3a9b17310654ffaf9c2ca5adab63db22659e176f93cec

Source ID: regulatory:fca.org.uk

Published At: -

Extraction Method: trafilatura

URL: https://www.fca.org.uk/news/statements/motor-finance-compensation-scheme-challenged

Body Text

Our scheme is the quickest, fairest and most efficient way to compensate consumers. It is disappointing that some have decided to challenge it and delay consumers getting their money back, when for many the payouts would be very welcome this year as they face rising household bills. This also prolongs the uncertainty for all involved, which is not good for investment or a healthy motor finance market.
We are considering our approach and will set out more later this week.

Metadata (JSON)

{
  "score": 1.1875
}