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Millions of drivers in line for £700 payout over car finance scandal
Yahoo Finance·2025-10-07 16:58

The FCA confirmed it will compensate customers who were treated ‘unfairly’ in cases where car salesmen were paid unreasonably high commissions - Monty Rakusen Millions of motorists will be eligible for compensation payouts worth £700 each over the car finance scandal, the City watchdog has ruled. The Financial Conduct Authority (FCA) on Tuesday said it estimated that 14.2 million drivers were eligible for up to £11bn in payouts under a redress scheme to compensate drivers who were mis-sold car loans. Th ...