Car finance redress update could allow mass complaints as millions wait for compensation

1 sources1 storiesFirst seen 7/1/2026Score25Incremental

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An attempt to block mass lawsuits over the car finance mis-selling scandal has been denied as millions of drivers await compensation.Judges have dismissed an appeal by one of the UK's largest lenders, which aimed to stop lawyers bringing "omnibus" claims on behalf of a large group of drivers.It comes as motorists wait for compensation from the Financial Conduct Authority's redress scheme related to the car finance scandal and discretionary commission agreements.This involved dealers getting more commission when car buyers took out loans, without drivers explicitly being told what was happening in the background.

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TRENDING Stories Videos Your Say Once investigated by the FCA, it announced a consultation to see how a redress scheme could benefit drivers while also protecting the industry.The FCA confirmed that the final compensation policy would cost £9.1billion, including £7.5billion for 12.1 million eligible agreements, at an average cost of £829 per agreement.Under timelines set out...

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