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FLA urges scrutiny as FCA outlines £8.2bn motor finance redress plan
Yahoo Finance· 2025-10-08 13:46
The Finance & Leasing Association (FLA) has urged caution following the Financial Conduct Authority’s (FCA) publication of its long-awaited consultation on a sector-wide redress scheme for motor finance customers, warning that the costs “remain too high” and that the detail will require “much scrutiny” before firms can assess the full operational and financial impact. The 360-page consultation sets out how the regulator proposes to deliver compensation for consumers who were charged unfairly under commiss ...