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UK lenders see £9bn final car finance redress bill, £2bn less than feared

By Sofia Gerace ( March 30, 2026, 16:46 GMT | Insight) -- UK lenders are expected to pay a £9.1 billion for mis-sold car finance, after the Financial Conduct Authority on Monday set out its final redress plan. The plan is less costly than the regulator’s earlier proposal, which had estimated a potential £11 billion bill for the industry in October. UK lenders are expected to pay out around £9.1 billion ($12 billion) for mis-sold car finance under a final redress plan set out by the Financial Conduct Authority on Monday. ...

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