Major Legal Challenge Threatens Car Finance Compensation Scheme
BBC Business
A legal challenge to the FCA's car finance compensation scheme could delay payouts for millions of drivers. What does this mean for affected consumers?
Legal challenge threatens £9.1 billion car finance compensation scheme.
Consumer Voice claims FCA's payout calculations are too narrow.
Over 4.7 million mis-sold agreements may be excluded from compensation.
Potential delays could impact households awaiting financial relief.