Dossier
motor finance scandal
Coverage of motor finance scandal in the Nexus archive.
- Judges dismiss appeal to block mass claims over UK motor finance scandal
Judges dismissed an appeal to block mass legal claims related to a UK motor finance scandal. Lenders had attempted to prevent lawyers from representing thousands of motorists in the case.
- FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims
The UK's Financial Conduct Authority (FCA) is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The FCA claims the scheme is the 'fastest, simplest route for consumers,' but the lawsuits from Consumer Voice and three lenders have created uncertainty for millions of affected individuals.