FCA Publishes Statement on Motor Finance Scheme Settlement Offers

UK regulator warns car finance firms against low-ball redress offers ...

Drivers may get compensation offers before car finance saga ends

The regulator says it supports lenders offering early compensation offers, as long as they are fair.

FCA outlines car finance compensation standards - Credit Connect

The Financial Conduct Authority (FCA) has set minimum standards for lenders making early compensation offers to drivers who were mis-sold car finance. The FCA saisy lenders will need to be clear with people about what accepting any offer means. This includes that they will keep any money received, even if the outcome of the legal…

FCA publishes statement on motor finance scheme settlement offers

On 3 November 2026, the Financial Conduct Authority (FCA) published a statement in relation to its minimum expectations for firms making full and final settlement offers during the partial suspension of the motor finance redress scheme. Background Following a legal challenge, elements of the FCA’s motor finance redress scheme have been partially suspended, although the FCA highlights that some firms may choose to make voluntary settlement offers…

Consumers feel impatient over car finance redress scheme

Three in four complainants expecting to receive money from the FCA motor finance redress scheme would consider a settlement offer to get paid early