Martin Lewis explains who can get mis-sold car finance compensation worth £829

Martin Lewis explains 'unprecedented' car finance compensation update

An estimated 12 million car finance agreements were mis-sold, with the financial regulator confirming details of a long-awaited redress scheme this week

Martin Lewis issues warning over £829 FCA car finance payouts for drivers

Money expert Martin Lewis has issued a warning over the £829 payouts from the Financial Conduct Authority scheme.

Martin Lewis explains who can get mis-sold car finance compensation worth £829

Around 12.1 million drivers will receive a payout

Car finance lenders shares rise after industry bill for redress cut by £2bn

Lloyds and Barclays shares were up by more than 1% and Close Brothers rising by around 2.5% on Tuesday. Shares in major motor finance lenders have risen after the UK watchdog finalised its compensation scheme, which has seen the total bill for the industry cut by about £2 billion. Lloyds Banking Group and Close Brothers were among the lenders to say they were assessing the details of the scheme after several changes were announced. But investors…

Car finance compensation scheme: Martin Lewis explains how to claim if you have been mis-sold

Martin Lewis explains what to do if you think you have been mis-sold car finance - here’s how to claim compensation.

FCA Confirms Approach to Motor Finance Redress

The FCA has made a number of changes to the proposed redress scheme in light of feedback received.By Becky Critchley, Nicola Higgs, Rob Moulton, and Charlotte CollinsKey Points: The FCA has split the scheme into two time periods and introduced implementation periods. The scheme will commence on 30 June 2026 for loans taken out from 1 April 2014, and on 31 August 2026 for earlier agreements. Firms are required to submit implementation plans to th…