 | Chris Roy |
Car Finance Compensation Update: Latest FCA Scheme, Early Payouts, Claims Deadlines and 2027 Hearing
Some motorists could receive early car finance compensation after the FCA published new settlement guidance and Barclays confirmed plans to make voluntary offers. The wider scheme remains partially suspended, with the Tribunal hearing scheduled for February and March 2027.
News 5 November 2026 |  | Andrew Franks |
FCA Warns Lenders Against Low Car Finance Compensation Offers as Early Settlements Begin
The FCA has published new expectations for lenders offering early car finance compensation while its wider redress scheme remains partially suspended. Customers should receive at least the amount due under the current scheme, with a minimum of one month to consider an offer. The guidance also explains what accepting a settlement means for future compensation rights.
News 4 November 2026 |  | Shannon Smith O'Connell |
Barclays Confirms Early Car Finance Compensation Offers, With Some Payouts Expected Before 2027 Tribunal Hearing
Barclays is moving ahead with early settlements while the wider FCA car finance compensation scheme remains partially suspended. The decision gives some customers a chance to resolve their complaints ahead of the February 2027 Tribunal hearing, although accepting an offer could affect their right to further compensation.
News 3 November 2026 | | Andrew Franks |
Upper Tribunal Explains Why FCA Car Finance Compensation Evidence Must Face Further Scrutiny
The Upper Tribunal has published detailed reasons for allowing further economic evidence and ordering the FCA to disclose information supporting its motor finance compensation scheme. The publication explains the issues being examined ahead of the hearing from 16 February to 3 March 2027, while payments remain on hold under the suspended rules.
| Andrew Franks |
Car Finance Scandal Explained: Claims, Compensation and the Latest FCA Updates
Millions of motorists may qualify for compensation over historic car finance commission practices. This updated guide explains the FCA's redress scheme, the revised Tribunal hearing dates of 16 February to 3 March 2027, potential eligibility, compensation estimates and what consumers can do while payments remain on hold.
News 30 October 2026 | | Andrew Franks |
Santander Sets Aside £616m for Car Finance Compensation as Profits Fall 6%
Santander UK's profits fell 6% in the first nine months of 2026, with £616 million remaining in its provision for historic motor finance commission claims. The bank has chosen to prepare for the FCA compensation scheme rather than challenge it, but customers still face uncertainty over payment dates as the Upper Tribunal hearing approaches.
Guide 29 October 2026 | | Chris Roy |
Why Could Two Motorists Receive Different Car Finance Compensation Amounts?
The FCA's compensation calculations face legal scrutiny as economic experts prepare evidence for the Upper Tribunal hearing from 16 February to 3 March 2027. Find out why motorists could receive different refunds.
News 28 October 2026 | | Andrew Franks |
Black Horse and Close Brothers Seek Supreme Court Appeal Over Thousands of Car Finance Claims
Black Horse and Close Brothers have applied to the Supreme Court to challenge a ruling allowing thousands of car finance claims to proceed together. The court has yet to decide whether to hear the appeal.
News 27 October 2026 | | Andrew Franks |
Car Finance Compensation Delays Continue as Tribunal Extends Hearing to March 2027
The Upper Tribunal has extended the hearing into legal challenges against the FCA's motor finance compensation scheme to 3 March 2027. New directions also set deadlines for expert evidence and disclosure, while compensation payments remain on hold.
Guide 26 October 2026 | | Shannon Smith O'Connell |
Can't find your old car finance agreements? How to trace them in 2026
Lost your car finance paperwork or forgotten your lender? Discover how to find old car finance agreements using credit reports, bank records and tracing services. This October 2026 guide also covers the FCA's partial suspension, legal challenges and confirmed February 2027 Upper Tribunal hearing.