Why banks are still on the hook over car finance despite UK court victory
Financial regulator set to announce by Monday if it will impose an industry-wide redress scheme
Financial regulator set to announce by Monday if it will impose an industry-wide redress scheme

Original judgment had threatened to leave lenders on hook for tens of billions of pounds in compensation

Financial watchdog to give detailed proposals in October, following Friday’s Supreme Court ruling

Financial Conduct Authority lowers estimate for loans eligible for compensation scheme

Britain’s largest provider of vehicle loans wants to draw a line under scandal that rocked the sector

Comments by Nikhil Rathi position watchdog for stand-off with claims management companies and law firms

Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders