With the Financial Conduct Authority (FCA) estimating that 14.2 million car finance agreements were mis-sold in the UK between 6 April 2007 and 1 November 2024, the scale of the motor finance scandal is clear.
It has been over eight years since the Financial Conduct Authority (FCA) first set out plans to analyse the motor finance sector in its 2017/18 Business Plan, subsequently commencing work during the summer of 2017.
You can claim car finance compensation yourself for free. We explain how a solicitor can help check decisions, investigate separate claims and manage the process under the FCA’s final rules.
Vanquis joins other lenders raising concerns about the FCA’s proposed motor finance redress scheme. A November 2025 report on provisions and customer outreach.
The FCA’s 5 November 2025 update extended its motor finance redress consultation and outlined the next steps. This article records the position at that time.
A November 2025 parliamentary group report criticises the FCA’s proposed motor finance redress scheme and raises questions about consumer compensation.
We would be very happy to discuss any other questions you might have. You can call us on 0203 070 2822 to speak to a member of the team or email info@motorfinance.harcusparker.co.uk and someone will get back to you.