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In a statement published on Thursday, 2 July 2026, the Financial Conduct Authority (FCA) confirmed that the Upper Tribunal would hear the legal challenges to its motor finance consumer redress scheme either on 14-18 December 2026 or 16-26 February 2027, with a judgment expected in the months that follow.

Analysis of the Financial Conduct Authority’s (FCA) motor finance redress scheme has highlighted that approximately 1.1 million agreements may fall outside the scheme due to the regulator’s minimum commission thresholds.

The four legal challenges to the Financial Conduct Authority’s (FCA) motor finance redress scheme mean consumers are likely to read more about the Upper Tribunal in the coming months, particularly as the hearing timetable becomes clearer. 

The Financial Conduct Authority (FCA) has issued a statement offering guidance to both lenders and consumers following challenges to its motor finance redress scheme brought by Consumer Voice and three lenders.

The Financial Conduct Authority (FCA) estimated, in its final redress scheme rules, that lenders would pay an average of £829 compensation on each eligible motor finance agreement. 

Compensatory interest is one of the most important parts of the Financial Conduct Authority’s (FCA) motor finance redress scheme. 

Three lenders have appealed against the Financial Conduct Authority’s (FCA) motor finance redress scheme, according to a Financial Times report published on 29 April.

Advocacy group Consumer Voice, which had previously called on the Financial Conduct Authority (FCA) to put consumers first in its redress scheme plans, has confirmed that it will seek to challenge the regulator’s final scheme rules at the Upper Tribunal.

On 30 March 2026, the Financial Conduct Authority (FCA) confirmed that it would proceed with its proposed motor finance redress scheme, outlining how it would operate in Policy Statement PS26/3: Motor Finance Consumer Redress Scheme. 

The Financial Conduct Authority (FCA) has confirmed that it will proceed with a motor finance redress scheme, saying in a statement published shortly before 1700 on 30 March 2026 that it had received over 1,000 responses to its consultation paper CP25/27: Motor Finance Consumer Redress Scheme, which it published on 7 October 2025.