Financial Conduct Authority launches industry‑wide compensation scheme for 12.1 million car finance agreements with estimated redress up to £9.1bn.
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FCA to Unveil Multi-Billion Pound Motor Finance Redress Plan on March 30
The Financial Conduct Authority (FCA) has confirmed it will announce its highly anticipated approach to motor finance redress on Monday, March 30, 2026. The announcement, scheduled for shortly after markets close, is expected to detail a compensation framework that could cost the UK automotive finance sector billions of pounds. Millions[Read More…]
iLending Review: Can This ‘Expert-Led’ Broker Really Lower Your Car Payment?
TL;DR: iLending is a specialized auto-refinance broker that connects drivers with a network of credit unions and banks to reduce monthly payments. Unlike automated “one-click” competitors, iLending pairs users with a dedicated Loan Consultant to manage the transition. It is best for borrowers with moderate credit scores (580+) looking for[Read More…]
Extended Auto Warranty | Is It Really a Reliable Benefit? Worth it in 2022?
Extended Auto Warranty New products come with embedded warranties. A warranty is a guarantee provided by the manufacturer to provide a replacement or repair the product in case the product breaks down due to any manufacturing fault. Cars also come with embedded factory warranties and we have seen in the[Read More…]
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