The FCA will defend its motor finance redress scheme after legal challenges from lenders and a consumer group raise fresh ...

The legal challenge tests whether the FCA can use a mass-redress process to resolve a marketwide conduct failure ...

LONDON (Reuters) -Lloyds Banking Group's third-quarter profit fell by 36%, it said on Thursday, and it downgraded its performance guidance for the year to reflect an 800-million-pound ($1 billion) ...

The motor finance industry’s trade body is mulling lodging a legal battle against the UK financial watchdog‘s £9bn redress scheme. The Finance and Leasing Association (FLA), which counts Santander and ...

Lloyds Banking Group and Close Brothers have seen shares soar higher after a landmark ruling by the Supreme Court on motor finance commission payments softened the blow for the sector. The decision – ...

With the FCA’s ongoing investigation into Discretionary Commission Arrangements (DCAs) and pivotal updates expected in May 2025, a recent Court of Appeal ruling has further shifted the balance in ...

FCA extends consultation to December 12 Final rules expected next February or March Industry called for more time to analyse market data Critics say proposed scheme too broad Nov 5 (Reuters) - Britain ...

LONDON - Close Brothers Group plc (LSE:CBRO) estimates the cost of the Financial Conduct Authority’s motor finance consumer redress scheme at approximately £320 million, according to a press release ...

A decision on the UK’s long-awaited program on how lenders should compensate car buyers who were charged hidden commission will be announced on Monday after “fulsome” comments from borrowers and the ...