Millions of car buyers who took out finance with hidden costs will receive payouts this year after the Financial Conduct Authority today confirmed compensation for mis-sold agreements. Announcing the final details this afternoon after markets had closed, the watchdog said the average payout will be around £830 – higher than it previously stated. However, … [Read more...]
Law firms are facing possible action from the FCA
The Financial Conduct Authority has warned law firms representing clients involved in motor finance commission claims they must act in the claimants' best interest and not charge exorbitant exit fees. The watchdog has teamed up with the Solicitors Regulation Authority to make sure that all rules are being followed, as claims continue to build up and say … [Read more...]
