Business · 4 hours ago
Barclays to Make Early Car Finance Compensation Offers
Anthony Parkes, CC BY-SA 2.0, via Geograph / Wikimedia Commons
The Financial Conduct Authority says lenders may offer car finance mis-selling compensation early, provided customers get no worse a deal than under its proposed scheme. Barclays has confirmed it will begin making such offers now, with others expected to follow. The scheme faces a legal challenge in February, so most payouts, averaging about £829, are unlikely before late next year. Customers can choose to wait.
Reported by BBC News · How we write briefs