By Sofia Gerace ( October 6, 2025, 14:38 GMT | Insight) -- UK lenders are set to learn the details of a multi-billion-pound car finance redress plan on Tuesday, the UK’s financial watchdog said on Monday. The Financial Conduct Authority is expected to publish, after market hours, a consultation outlining plans for a nationwide compensation program for customers who lost out due to the use of discretionary commission arrangements in car finance, a practice banned in 2021.UK lenders are set to learn the details of a multi-billion-pound car finance redress program on Tuesday, the UK’s financial watchdog said on Monday....
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