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UK banks push back as watchdog’s car-finance consultation nears deadline

By Sofia Gerace ( October 31, 2025, 13:57 GMT | Comment) -- UK banks are stepping up criticism of the Financial Conduct Authority’s proposed redress plan for the car-finance scandal, arguing that it goes beyond what the Supreme Court intended in its August ruling. With two consultations by the FCA set to close in November, some lenders are leaving the door open to a legal challenge once the authority publishes its final plan, warning that the proposals might contradict recent court rulings.UK banks are ramping up criticism of the Financial Conduct Authority’s proposed redress plan for the car-finance scandal, arguing that it goes beyond what the country's highest judges had intended. ...

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