Car finance mis-selling payout scheme could cost billions
Published: 8/3/2025
The Financial Conduct Authority (FCA) warns that a car finance mis-selling payout scheme could cost up to £18bn. This follows a Supreme Court ruling that hidden commissions on car loans were not illegal, potentially affecting millions of drivers. The FCA plans to consult on implementing a compensation scheme, focusing on unfair large commissions, which could amount to billions in payouts.
