Evening Standard
UK · 3 hrs ago
✦ 72✓ Factual
Car finance payouts likely to be delayed until at least 2027, warns watchdog
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Quality 72/100
Partisan intensity 15/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline
The Financial Conduct Authority warns that payouts to car finance customers affected by alleged mis-selling could be delayed until at least 2027, with the regulator having already spent over £20 million on developing compensation plans.
Car finance payouts likely to be delayed until at least 2027, warns watchdog
The Financial Conduct Authority said it has already spent more than £20 million developing the plans and that further costs lie ahead.
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