FCA to launch £18bn car loan payout scheme: Millions of drivers could be compensated by 2026

Millions of car owners could be in line for a slice of up to £18 billion in compensation, following a seismic decision by the UK’s financial watchdog to…

By LionHerald August 3, 2025 · 4 min read

Millions of car owners could be in line for a slice of up to £18 billion in compensation, following a seismic decision by the UK’s financial watchdog to launch a redress scheme for drivers who were overcharged through discretionary commission arrangements (DCAs) on car finance loans. This long-awaited move by…

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