UK car-finance challenge court date set for February
( October 13, 2026, 09:44 GMT | Official Statement) -- MLex Summary: A legal challenge by three car-finance lenders to the UK Financial Conduct Authority's proposed compensation program will begin in February 2027. The lenders involved are Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance. In one of the biggest UK consumer misselling scandals in recent times, the FCA said this year that car-finance firms would need to repay customers a total of £7.5 billion for their use of unfair and undisclosed commissions arrangements, and pay a further £1.6 billion in non-redress costs.Statement follows....
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