Carmakers to win reprieve in £11bn UK motor finance redress scheme
Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders
Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders

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

Watchdog believes motorists mis-sold auto finance could get payouts totalling up to £18bn

Financial regulator set to announce by Monday if it will impose an industry-wide redress 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