( April 29, 2026, 14:16 GMT | Official Statement) -- MLex Summary: The car finance arm of Mercedes-Benz and Volkswagen, as well as one other lender, have challenged the car finance redress plan established by the Financial Conduct Authority after a mis-selling saga that unfolded between 2007 and 2024. The FCA also faces a challenge from consumer group Consumer Voice while the main UK car finance trade group, the Finance and Leasing Association, as well as major lenders such as Barclays, Santander and Lloyds have decided not to fight the FCA in court over the redress plan.Statements follow....
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