Drivers who were mis-sold car loans could receive compensation earlier than expected while the regulator's industry-wide scheme faces legal challenges. The Financial Conduct Authority stated it would welcome firms offering payments until the court case concludes, as long as these offers match or exceed what consumers would receive under the official scheme. Barclays has confirmed it is starting to make early settlement offers to certain customers who previously complained about motor finance commission, setting aside hundreds of millions for historical issues. Meanwhile, other major lenders like Lloyds have not yet begun offering similar payments. The FCA emphasized that customers are under no obligation to accept early offers and can choose to wait for the final legal outcome, which is expected later following court proceedings. Industry associations have urged caution, noting that rushing settlements could present dilemmas for lenders if outcomes differ from final legal positions. Fuente: The Standard #CarFinance #FCA #Barclays #Banking #UKNews
También lo cubren: Belfast Telegraph, The Standard (Reino Unido).
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