Mercedes challenges FCA motor finance compensation scheme
Finance arm of carmaker among three lenders to appeal regulator’s £9.1bn redress programme
Finance arm of carmaker among three lenders to appeal regulator’s £9.1bn redress programme

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

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

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

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