Business / NEWS UPDATE
Drivers may get compensation offers before car finance saga ends
Published · 1 min read
The Financial Conduct Authority (FCA) supports lenders offering early compensation to car finance mis-selling victims, provided offers are fair.
Barclays has confirmed it will make early offers, with others expected to follow. Most claimants will still have to wait for the outcome of a legal challenge to the FCA's proposed central scheme, likely to be resolved by late next year.