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Car finance court ruling goes too far, says City watchdog
The Guardian
|April 02, 2025
A court of appeal ruling that has left lenders fearing PPI-level compensation bills over the motor finance commission scandal "goes too far", the City regulator said yesterday.
The Financial Conduct Authority (FCA) made the comments in a written submission to the supreme court yesterday, as part of a high-profile case being closely watched by the government. The Treasury, which tried but failed to intervene in the case, is concerned the standing decision could spook businesses and threaten investment in the UK.
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