News 4 September 2026 |  | Andrew Franks |
Lenders Challenge FCA Over £9.1bn Car Finance Compensation Scheme
Mercedes-Benz Financial Services, Volkswagen Financial Services and CA Auto Finance have set out further objections to the FCA's Motor Finance Compensation Scheme. The three lenders are challenging aspects of the regulator's legal interpretation and redress methodology, while the FCA says it will robustly defend the scheme as the fairest and most efficient route to consumer compensation.
News 3 September 2026 | | Andrew Franks |
Consumer Voice Challenges FCA Over Car Finance Compensation Scheme
Consumer Voice has raised fresh objections to the FCA's Motor Finance Compensation Scheme, including concerns over compensation calculations and questions about Treasury involvement during its development. The FCA rejects the claims and says it designed the scheme independently to deliver fair compensation to affected motorists.
News 2 September 2026 | | Andrew Franks |
Consumer Car Finance Grows 7% as New Car Market Drives Demand
UK consumer car finance volumes increased by 7% in June 2026, while the value of advances rose 11%, according to Finance & Leasing Association figures. Growth was led by new car finance, where volumes climbed 21%, while used car finance remained broadly unchanged.
Guide 1 September 2026 |  | Shannon Smith O'Connell |
Northridge Finance Claims 2026: NIIB, PCP Claims and the Latest FCA Redress Update
Northridge and NIIB finance agreements may fall within the FCA motor finance redress scheme if they meet the relevant criteria. This updated guide explains Northridge PCP claims, how to identify historic finance, the legal challenges affecting the wider scheme, the partial suspension and what the delayed timetable means for motorists in 2026.
News 31 August 2026 | | Andrew Franks |
CVC Joins Race for Aldermore as Car Finance Compensation Costs Loom Over Sale
Private equity giant CVC Capital Partners has joined the race to buy Aldermore as FirstRand prepares to sell the UK challenger bank. The auction comes after its owner set aside around £750 million for potential car finance compensation, with MotoNovo Finance potentially available as a separate part of the deal.
Guide 28 August 2026 | | Shannon Smith O'Connell |
Mercedes Finance Claims 2026: What the FCA Legal Challenge Means for Mercedes Customers
Mercedes finance claims face added uncertainty in 2026, with Mercedes Benz Financial Services among the parties challenging elements of the FCA redress scheme. This updated guide explains which historic agreements may be relevant, how PCP and commission arrangements are assessed, what the partial suspension means and when the Upper Tribunal hearings are expected.
Guide 27 August 2026 | | Shannon Smith O'Connell |
Hyundai Finance Claims 2026: Why Each Agreement Could Tell a Different Story
Financed more than one Hyundai? Each agreement could have a different outcome under the FCA redress scheme. This updated guide covers Hyundai PCP claims, commission arrangements, the partial scheme suspension, current legal challenges and what the delayed timetable means for motorists in 2026.
Guide 26 August 2026 | | Shannon Smith O'Connell |
Honda Finance Claims 2026: What the FCA Redress Delays Mean for Honda Drivers
Honda finance customers face a changed redress landscape in 2026. This updated guide explains which historic finance arrangements may be relevant, how Honda PCP claims are assessed, and what the FCA scheme's partial suspension and Upper Tribunal challenges mean for compensation and payment timelines.
News 25 August 2026 |  | Chris Roy |
Car Dealer Prosecuted Over Faulty Vehicles: What Rights Do Used Car Buyers Have?
A Wiltshire car dealer has been prosecuted following complaints involving faulty and inaccurately described used vehicles. The case highlights the protections available to motorists under the Consumer Rights Act 2015, including rights relating to satisfactory quality, accurate descriptions, repairs and refunds.
News 25 August 2026 | | Andrew Franks |
FCA Warns Investors Over High Risk Loan Notes After Woodville Collapse
The FCA has issued a fresh warning about high risk loan notes and mini bonds following the collapse of Woodville Consultants. The regulator says investors could lose some or all of their money and may have limited regulatory protection. Woodville raised more than £300 million from investors before entering administration.