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City watchdog ‘nakedly’ siding with lenders on car finance redress, MPs say

The Guardian•Monday, November 3, 2025 at 6:00:06 PM
NegativeFinancial Markets
City watchdog ‘nakedly’ siding with lenders on car finance redress, MPs say
A group of cross-party MPs has criticized the Financial Conduct Authority (FCA) for allegedly favoring lenders in its compensation scheme for car loan victims. They argue that the FCA has been influenced by profit concerns, raising questions about its commitment to consumer protection. This situation is significant as it highlights ongoing tensions between regulatory bodies and financial institutions, potentially impacting public trust in the financial system.
— Curated by the World Pulse Now AI Editorial System
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