( June 11, 2026, 14:55 GMT | Official Statement) -- MLex Summary: Further details of the UK's car finance redress plan, including scope, liability, exceptions, and redress calculations, have been released by the Financial Conduct Authority in response to questions from the sector. The regulator has warned lenders to prepare for the so-called Motor Finance Compensation Scheme following the industry's use of unfair and undisclosed commissions arrangements, but the timing of the redress plan remains uncertain due to legal challenges faced by the regulator.Statement is attached....
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