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flag Volkswagen Finance fined £5.4m by FCA for failing to support vulnerable customers, paying £21.5m in compensation.

flag Volkswagen Finance has been fined £5.4 million by the UK Financial Conduct Authority (FCA) for failing to adequately support vulnerable customers between 2017 and 2023. flag The firm will also pay £21.5 million in compensation to approximately 110,000 affected individuals. flag The FCA found that Volkswagen Finance repossessed vehicles without considering individual circumstances, leading to significant distress among customers. flag The company has acknowledged the issues and is implementing improvements.

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