Written Question·Treasury·UIN 99803
Motor Vehicles: Credit
Tabled: 15 December 2025
Answered: 18 December 2025
Question
Bambos Charalambous
Labour — Southgate and Wood Green
To ask the Chancellor of the Exchequer, what assessment she has made of the ability of motor finance lenders to adhere to the forthcoming redress scheme.
Answer
Lucy RigbyThe Financial Conduct Authority (FCA), as independent regulator, has set out its proposals for a motor finance redress scheme. In its consultation, the FCA has set out how it expects consumers to be appropriately redressed. The FCA also sets out proposals...
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