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Car finance lenders told to brace for redress scheme

By Abigail Townsend

Date: Tuesday 11 Mar 2025

(Sharecast News) - The financial regulator is considering introducing an industry-wide redress scheme for customers left out of pocket by historic car finance mis-selling, it confirmed on Tuesday
Under any redress scheme, banks would be required to contact customers who had lost out and offer them appropriate compensation.

The FCA,...

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