Business news live: Experts say car finance ‘not a PPI repeat’ and FTSE 100 recovers

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The Financial Conduct Authority (FCA) are set to launch a consultation review over compensation for the car loan scandal, after the Supreme Court’s verdict on Friday. Up to £18bn could be made available for consumers, with banks on the line for repayment for next year. It is estimated that claimants may end up with less than £950 each, with millions of customers potentially eligible. Bank shares rose on the news on Monday.

Business news live: Experts say car finance ‘not a PPI repeat’ and FTSE 100 recovers

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