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FCA considering compensation scheme over car finance scandal
Thousands of motorists who bought cars on finance before 2021 could be set for payouts as the Financial Conduct Authority (FCA) has said it will consult on a compensation scheme.
In a statement released on Sunday, the FCA said its review of the past use of motor finance “has shown that many firms were not complying with the law or our disclosure rules that were in force when they sold loans to consumers”.
“Where consumers have lost out, they should be appropriately compensated in an orderly, consistent and efficient way,” the statement continued.
Read more: https://news.sky.com/story/fca-considering-compensation-scheme-over-car-finance-scandal-raising-hopes-of-payouts-for-motorists-13406307
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These are the charts Wall Street is watching
Twice a year, Yahoo Finance compiles some of the top charts Wall Street strategists and economists are watching. Senior Markets Reporter Josh Schafer takes a closer look at three of the charts featured in volume five of the Yahoo Finance Chartbook. To watch more expert insights and analysis on the latest market action, check out more Market Domination here: https://finance.yahoo.com/videos/series/market-domination/
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