Lloyds will not take legal action against UK’s £9bn car finance redress scheme
Britain’s largest provider of vehicle loans wants to draw a line under scandal that rocked the sector
Britain’s largest provider of vehicle loans wants to draw a line under scandal that rocked the sector

‘Omnibus’ claim comes days before regulator unveils details of mis-selling redress scheme

Financial Conduct Authority lowers estimate for loans eligible for compensation scheme

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

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

Case in Court of Appeal will help shape whether motorists can make claims outside of £9.1bn redress scheme

Move follows ruling from Financial Conduct Authority and takes UK lender’s total provision to almost £2bn