The Guardian Australia – Business
·business
·3 hours ago
Consumer Voice plans legal action against FCA over car loan compensation scheme
Consumer Voice notified the Financial Conduct Authority (FCA) that it plans legal action over a £9.1bn compensation scheme for car loan victims, claiming it inadequately compensates affected borrowers. The group argues that the FCA's proposed average payout of £830 per mis-sold loan fails to provide fair redress for millions of consumers harmed by the UK car loan scandal.
Summary by Glance · The Guardian Australia – Business
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