Challenges to UK car finance redress plan risk ‘fresh uncertainty,’ FCA warns
By Sofia Gerace ( May 1, 2026, 12:17 GMT | Insight) -- The UK’s financial regulator on Friday defended its car finance redress plan in the face of four legal challenges now ranged against it, saying they create “fresh uncertainty” for consumers and the car finance market, It said it would offer firms advice next week. The FCA named Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance as the three lenders challenging it, along with compensation adviser Consumer Voice.The UK’s financial regulator has defended its car-finance redress plan in the face of four legal challenges now ranged against it, saying that it would advise firms next week on next steps....
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