FCA Warns Consumers About Misleading Finance Claims Adverts - Credit Connect

Drivers could lose 30% of car finance payout as millions of motorists wait for compensation

Drivers have been issued an urgent warning over car finance scams that could target millions of people waiting for compensation from the misselling scandal.The Financial Conduct Authority has warned motorists of misleading car finance adverts that claim to offer "money tips".Claims management companies (CMCs) and law firms have been accused of offering advice to consumers who are waiting to hear about compensation from the car finance scandal.Al…

FCA warns motorists over misleading car finance claims adverts

The FCA has warned motorists about misleading car finance claims adverts and reminded consumers they can pursue compensation complaints for free.

FCA warns consumers about misleading finance claims adverts - Credit Connect

As part of the joint regulatory taskforce, the Financial Conduct Authority (FCA) has warned customers to be wary of misleading car finance ‘money tips’ adverts issued by claims management companies (CMCs) and law firms on social media. The taskforce has identified a growing number of adverts that appear to offer independent advice from an individual but are in fact paid promotions from CMCs and law firms encouraging people to sign up for car fin…

Consumers warned about misleading car finance ‘money tips’ claims ads