UK's FCA CEO, Nikhil Rathi, says car finance mis-selling won't be a prolonged issue like PPI.
The UK's Financial Conduct Authority (FCA) has stated that car finance mis-selling is unlikely to become the next Payment Protection Insurance (PPI) scandal. FCA CEO, Nikhil Rathi, stated that the regulator's work on car finance will not take years like PPI did. He emphasized that the FCA is intervening early in the interests of market orderliness and aims to clarify matters in a condensed time frame.
March 14, 2024
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