News 7 November 2025 |  | Andrew Franks |
Lloyds Warns FCA’s Car Finance Claims Scheme Could ‘Damage Britain’ Amid Growing Industry Backlash
Lloyds Bank has warned that the FCA’s sweeping car finance claims scheme could damage Britain’s financial sector. The regulator extended its consultation to December 12 to address lender concerns, as it plans to compensate millions of mis-sold motorists, with average refunds expected to reach £700 per agreement.
News 6 November 2025 | | Andrew Franks |
UK Regulator Extends Deadline in Car Finance Claims Redress Drive Amid Industry Backlash
The Financial Conduct Authority has extended its car finance compensation consultation until 12 December 2025, giving more time to shape how millions of mis-sold car finance customers could receive refunds averaging £700. This update explains what the new deadline means, who qualifies for the FCA’s redress scheme, and how to act now; whether by submitting your complaint directly or through a trusted claims management company.
Guide 5 November 2025 |  | Chris Roy |
Car Finance Mis-Selling In 2025: Your Complete Guide To FCA Redress And Consumer Rights
If you took out a car finance agreement in the UK, you may have been mis-sold car finance without knowing it. With legal and regulatory action ramping up, now is the best time to check your agreement and start your claim. You could be owed hundreds, or even thousands, in overpaid interest and hidden fees.
News 4 November 2025 | | Chris Roy |
MPs Raise Questions Over FCA’s Car Finance Redress Plan as Consultation Continues
As the FCA’s consultation on car finance claims continues, MPs are calling for transparency and fair outcomes for millions of motorists. The proposal aims to resolve historic car finance mis-selling through a structured refund process covering PCP claims and fixed commission agreements. Discover updates on payout timelines, the car finance scandal, and how experts like Reclaim247 guide drivers toward fair compensation.
News 3 November 2025 | | Andrew Franks |
FCA’s Car Finance Redress Plan Faces Criticism Over Low Interest Rate Proposal
The FCA’s new redress proposal could see millions of UK motorists compensated for mis-sold car finance agreements. Learn how fixed commission agreements led to inflated costs, what the proposed 2.09% rate means for refunds, and when PCP claim payouts are expected. Stay informed on the car finance scandal and find guidance from trusted experts to secure your rightful compensation.
Guide 31 October 2025 | | Andrew Franks |
Am I Owed Money by Black Horse Finance? A 2025 Guide to Your Refund & Claim Process
If you financed a car through Black Horse, you could be owed a refund due to hidden commissions or unfair interest rates. This 2025 guide explains how to start a Black Horse finance claim, what the FCA’s latest compensation scheme means for you, and how long payouts may take.
News 31 October 2025 | | Andrew Franks |
Banks Push Back on FCA’s Car Finance Claims Redress Scheme: What It Means for Drivers
Major UK banks are pushing back against the FCA’s proposed redress scheme for mis-sold car finance agreements, which could see millions of drivers receive around £700 each on average. This article explains why lenders are opposing the plan, what the FCA’s consultation covers, and what motorists can do now, from filing a complaint to considering help from a regulated claims management company.
News 31 October 2025 | | Chris Roy |
FCA Chief Heads to Detroit to Bolster Support for Car Finance Claims Redress Plan
The FCA’s top executive has travelled to Detroit to gain backing for a landmark UK redress scheme addressing the car finance scandal. The proposed plan could see millions receive around £700 per agreement for mis-sold car loans between 2007 and 2024. Learn what this means for consumers and how to prepare for upcoming car finance claims compensation.
Guide 30 October 2025 | | Andrew Franks |
MotoNovo Finance Claims 2025 Update: How to Claim Your Refund and What the FCA’s New Scheme Means for You
If you’ve ever asked, “Can I claim against MotoNovo Finance?”, now’s the time to find out. Following a major Supreme Court ruling, the FCA is proposing a national compensation scheme that could refund millions of drivers over mis-sold PCP and car finance deals. This detailed guide explains what the MotoNovo Finance claim means, who qualifies for a MotoNovo refund, how long a PCP claim might take, and when drivers can expect payouts. Learn how a finance claims expert can help you navigate the process and what to do next under the FCA’s upcoming redress framework.
Guide 30 October 2025 | | Chris Roy |
PCP Claims FAQs 2025: What Drivers Need to Know About the FCA Redress Scheme
The FCA’s 2025 consultation proposes a national redress scheme for mis-sold PCP agreements between 2007 and 2024. Drivers may receive an average refund of around £700, with total industry compensation estimated at £8.2 billion. This FAQ explains what counts as a mis-sold PCP, how to claim, and when payments are expected to begin.