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Drivers may get compensation offers before car finance saga ends

The regulator says it supports lenders offering early compensation offers, as long as they are fair.

By BBC News

Excerpt shared by Lazyfounder

·Excerpt
Drivers may get compensation offers before car finance saga ends
Image: BBC News (Tech & Business)

Drivers may be offered compensation from lenders ahead of the next legal battle in the car finance mis-selling saga.

Regulator the Financial Conduct Authority (FCA) said it would welcome lenders making settlement offers as long as customers were not given a worse deal than under its proposed central scheme.

That scheme is facing a legal challenge, to be heard in February, with resulting compensation…

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This story was originally published by BBC News. All rights belong to the original publisher.

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