June 7, 2025

Financial Conduct Authority

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Major car finance compensation update issued today for millions of UK drivers

  • June 5, 2025

Earlier this year, the FCA confirmed it was consulting on a redress scheme and aims to announce the next steps for complaints within six weeks of the Supreme Court’s decision The FCA shared an update on its potential compensation scheme today(Image: Getty Images/iStockphoto) A major update has been issued for millions of drivers who are

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Finance

Lloyds Bank boss gives major update on car finance scandal – customers feel ‘duped’

  • May 20, 2025

The boss of one of the UK’s biggest banks has claimed there is no evidence customers were “harmed” as a result of the ongoing car finance compensation scandal. Charlie Nunn, head of Lloyds Bank, stressed investigations had shown customers had not been unfairly treated despite a probe into the sector by the Financial Conduct Authority (FCA). 

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