Thousands of motorists who purchased automobiles on finance earlier than 2021 may very well be set for payouts because the Financial Conduct Authority (FCA) has mentioned it would seek the advice of on a compensation scheme.
In an announcement launched on Sunday, the FCA mentioned its evaluation of the previous use of motor finance "has shown that many firms were not complying with the law or our disclosure rules that were in force when they sold loans to consumers".
Read extra: https://news.sky.com/story/fca-considering-compensation-scheme-over-car-finance-scandal-raising-hopes-of-payouts-for-motorists-13406307
#carfinance #cash #loans #skynews #uknews
SUBSCRIBE to our YouTube channel for extra movies: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTook: https://www.tiktok.com/@skynews
Sky News Daily podcast is out there free of charge right here: https://podfollow.com/skynewsdaily/
For extra content material go to http://news.sky.com and obtain our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android
https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
To enquire about licensing Sky News content material, you could find extra data right here: https://news.sky.com/info/library-sales
