UK car finance redress plan puts 2026 payout in jeopardy
Compensating UK consumers for mis-sold car loans could cost billions of pounds more than regulators have estimated, industry sources say, throwing into doubt plans for payouts in 2026 to resolve one of UK’s most expensive mis-selling scandals. The Financial Conduct Authority published a consumer compensation proposal in October that it estimated would cost lenders about 11 billion pounds ($14.8 billion),…

