General · 31 March 2026
Millions of drivers getting £830 for mis-sold loans
Drivers who were unfairly sold car loans could receive an average £830 payment from a new scheme. The Financial Conduct Authority published final plans on Monday, aiming to put £7.5 billion back into people's pockets. This scheme applies to about 12.1 million unfair motor finance deals made between April 2007 and November 2024.
Reported by news.stv.tv · How we write briefs