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Brakes put on £9bn car loan payout
Bristol Post
|July 03, 2026
THE UK's financial watchdog has been forced to pause payouts on its £9.1 billion car finance redress scheme, meaning millions of motorists are facing further delays to compensation.
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The Financial Conduct Authority (FCA) is facing legal challenges from four companies who are not happy with its plans to compensate people mis-sold a car loan.
Payouts were meant to start this year but are now facing significant delays.
The UK's Upper Tribunal has agreed to hear the legal challenges in December or February next year, with a judgment expected in the following months.
This story is from the July 03, 2026 edition of Bristol Post.
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