UK Regulator Extends Deadline for Motor Finance Complaints to December 2025
2024-12-19
Reuters
The Financial Conduct Authority (FCA) has extended the deadline for customers to complain about commission payments on historic motor finance deals, potentially leading to the UK's largest financial redress scheme since the PPI scandal. This move allows affected individuals more time to come forward and seek compensation. The FCA's decision is expected to impact a significant number of consumers who have been mis-sold finance deals, with the regulator aiming to provide a fair outcome for those affected. Key terms like 'motor finance complaints' and 'financial redress scheme' are crucial in this context, as they relate to the FCA's efforts to address consumer concerns.
