Motor Vehicles: Credit — Written Question

Question

Bambos Charalambous

Labour — Southgate and Wood Green

To ask the Chancellor of the Exchequer, whether she has had discussions with the Financial Conduct Authority on the number of consumers who may miss out on compensation for motor finance as a result of (a) lender record gaps, (b) procedural barriers and (

Answer

Lucy Rigby

The 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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