Aug 4th, 2025
FCA CEO: Car Loan Lenders Face Minimum £9 Billion Bill
The UK’s Financial Conduct Authority will consult on a redress scheme to guide firms on how to compensate motor finance customers that were missold car loans. CEO Nikhil Rathi tells Kriti Gupta it could leave lenders on the hook for at least £9 billion ($11.9 billion).
