- Category
- Business
- Published
- Wednesday, July 8, 2026 at 5:27 PM
- Publisher
-
The Guardian Business
How does this news make you feel?
City watchdog attacks consumer group in £9.1bn car loan payout battle
Quick Summary
FCA clashes with Consumer Voice, alleging lack of transparency and conflict of interest The City regulator is trying to get the only consumer group arguing for higher motor finance scandal payouts thrown out of court, alleging that its co-founders have not been transparent about their funding and potential conflicts of interest. The accusations, laid out in legal filings on Wednesday, are the latest controversy in the long-running saga surrounding mis-sold car loans, with fears of large payouts having resulted in heavy lobbying by banks and a controversial intervention by the chancellor, Rachel Reeves. Continue reading...
Comments (0)
Join the conversation. Comments are rate-limited, secured, and GDPR-compliant.
No comments yet. Be the first to share your thoughts!