✉news BusinessFinance first seen 16 h ago, last 9 h ago, peak #4
Car finance compensation payments delayed until next year
Original: Car finance: Compensation payments delayed until next year
Millions of UK car finance customers waiting for compensation over mis-sold loans will have to wait longer, with payments now not expected until next year. The delay affects people whose borrowing was subject to a regulatory review into commission arrangements between lenders and car dealers. Borrowers had been hoping for payouts sooner, and the postponement will frustrate those counting on redress.
Why now: A large group of consumers is directly affected by the delay to compensation they were expecting.
UK car finance customersFinancial Conduct Authority
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