FCA Announces £700 Payouts for Car Loan Scandal Victims
The Financial Conduct Authority (FCA) has introduced a payout scheme for victims of the car loan scandal, offering £700 per claim, amounting to an estimated £8.2 billion in total compensation. This initiative aims to address consumer grievances and restore trust in the financial system, despite the payouts being lower than initially expected. Understanding the scheme is essential for eligible consumers seeking compensation.
FCA Announces £700 Payouts for Car Loan Scandal Victims
The Financial Conduct Authority (FCA) has introduced a payout scheme for victims of the car loan scandal, offering £700 per claim, amounting to an estimated £8.2 billion in total compensation. This initiative aims to address consumer grievances and restore trust in the financial system, despite the payouts being lower than initially expected. Understanding the scheme is essential for eligible consumers seeking compensation.
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