UK motor finance redress scheme delayed following legal challenges
By Martin Coyle ( July 2, 2026, 12:37 GMT | Insight) -- A UK program for lenders to pay £9.1 billion in compensation to customers who were missold car finance has been delayed following legal challenges from a consumer group and three finance companies, the Financial Conduct Authority has said. The suspension means firms won’t have to calculate or pay redress, or send communications about compensation owed under the scheme, until a tribunal makes a final ruling. The FCA said it expected payments to begin in 2027 if the program is upheld and not appealed.A UK program for lenders to pay £9.1 billion ($12.1 billion) in compensation to customers who were missold car finance has been delayed following legal challenges from a consumer group and three finance companies, the UK's the Financial Conduct Authority said on Thursday....
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