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UK's FCA plans to compensate drivers for unfair car finance deals from 2007-2020, starting in 2026.
The UK's Financial Conduct Authority (FCA) plans to start compensating drivers for unfair car finance deals made between 2007 and 2020, with payouts potentially beginning in 2026.
Up to 30 million deals may be eligible, but not all will qualify.
The FCA is consulting on a redress scheme for consumers harmed by undisclosed commissions paid to dealers.
The total compensation cost is estimated between £9 billion and £18 billion.
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La FCA del Reino Unido planea compensar a los conductores por acuerdos injustos de financiación de automóviles entre 2007 y 2020, a partir de 2026.