The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On April 4, FCA chief Nikhil Rathi warned that pursuing court cases could disqualify consumers from a projected £9 billion car finance redress scheme. The regulator is gearing up for a standoff with claims management companies and law firms pushing for litigation. The issue relates to historical discretionary commission arrangements within the car finance sector.