#fca

#fca

FCA announces industry-wide redress scheme for car finance miss-selling, streamlining compensation process for affected borrowers.

Brits are cautioned about the complexities of car finance due to potential compensations for past overcharges on loans.

Mis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.

FCA warns against Court of Appeal ruling on motor finance, risking £44 billion in claims and financial chaos.

FCA plans automatic payouts for motorists affected by car finance mis-selling, eliminating the need for individual claims.

The FCA's proposed reforms for greater transparency were abandoned due to strong lobbying from City firms and concerns over reputational damage.

Investors affected by the Woodford Equity Income Fund collapse feel failed by the FCA and demand further investigation into their losses.

The FCA's technology-driven transformation program has been criticized for its ineffectiveness and failure to resolve longstanding organizational issues.

The UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.