Motor finance compensation scheme hanging by a thread amid legal row

City AM — May 08, 14:24 PM

The motor finance saga is heading for another legal row. https://www.cityam.com/wp-content/uploads/2025/07/1007-Sold-car-sale-forecout-1-1.jpeg?w=1107" />

The City watchdog has told lenders to prepare for the “alternative scenario of no scheme” in the long-running motor finance scandal as another legal showdown brews.

The Financial Conduct Authority (FCA) has received four legal challenges including from lenders Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance.

On the consumer side, the https://www.cityam.com/motor-finance-compensation-scheme-hanging-by-a-thread-amid-legal-row/">[...]

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FCA warns on car finance payouts

FCA issues warning over car finance redress scheme as legal battle could see UK drivers denied compensation The Independent — May 08, 19:39 PM
Car finance payouts hang in the balance ahead of legal battle LBC — May 08, 16:54 PM
Drivers left in limbo as FCA confirms delay to £829 car finance compensation Birmingham Live — May 08, 14:24 PM
Car finance payouts hang in the balance ahead of legal battle The Standard — May 08, 16:52 PM
Car finance payouts hang in the balance ahead of legal battle The Independent — May 08, 16:52 PM