Car finance scandal payments face big delay due to legal challenges

AI Summary — NZ Perspective

A UK financial regulator's announcement of potential redress payments for 14 million motorists due to car finance scandals faces significant delays from legal challenges. While this specific issue is UK-centric, it highlights the importance for New Zealand drivers to carefully understand their car finance agreements and consumer rights.

Original Excerpt

Regulator announced in October that some 14 million UK motorists were each entitled to around £700 in payouts Millions of UK consumers who bought a car on finance are now facing a significant delay to redress payments, after the Financial Conduct Authority (FCA) admitted legal ch

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Published by Autocar

Read on Autocar

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