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flag UK to compensate up to 14M drivers over undisclosed dealer commissions, with £9B–18B in payouts.

flag The UK’s Financial Conduct Authority is set to publish details of a proposed car finance compensation scheme affecting up to 14 million motorists, following revelations that some dealers failed to disclose lender commissions. flag The plan, backed by a Supreme Court ruling, could lead to payouts of £9 billion to £18 billion, with most individuals receiving less than £950. flag Regulators are also cracking down on misleading claims by law firms and claims management companies, with over 740 deceptive ads removed since January 2024 and a £1 million public campaign urging consumers to claim without using third parties to avoid losing payouts.

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