FCA orders lenders to pay £11bn in motor finance compensation
The Financial Conduct Authority (FCA) has announced that it expects lenders to make 14.2 million payouts to individuals affected by unfair motor finance agreements, totalling around £11bn in compensation.The FCA estimates people would receive around £700 per agreement, on average.It has also been calculated that around 85 per cent of eligible consumers would participate in […]
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