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BIZARRE: 10 - What They Never Told You

Now fraudsters are trying to mis-sell you a car loan payout

Motorists, who could be owed up to £950 if they were mis-sold finance, are being asked by ‘the lender’ for their details. Don’t fall for it

The Guardian - UK

Cashback concerns raised when people are considering transferring their pension

Some people may not be considering the full financial implications of their decision, the Financial Conduct Authority said.

Evening Standard

The car finance scandal proves that the financial sector still has trust issues that need to be sorted

The car finance scandal could have ended up costing UK banks and lenders up to £44 billion in compensation payments. But after the latest court ruling, the expected bill has been reduced to less than £18 billion.

The Conversation

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Trump wants Medicare to pay for your Ozempic treatment. Taxpayers may foot the bill for billions in fraud

As lawyers who represent whistleblowers under the False Claims Act, we expect a new era of fraud cases tied to GLP-1 drugs, including Wegovy, Ozempic, and Mounjaro.

Fortune

Drivers warned over car finance scammers after court ruling

Drivers could be owed up to £950, the UK’s financial watchdog has said

The Independent UK

Fake motor finance compensation offers being made by scammers, FCA warns

The Financial Conduct Authority is reminding people that it does not currently have a car finance compensation scheme in place.

Evening Standard

Martin Lewis gives major update on car finance scandal with £950 payouts owed

Those who believe they could be affected have now been told what steps to take next

The Independent UK

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Neil Woodford and his investment firm fined almost £46m over fund failings

FCA also bans former star stock picker from holding senior manager roles and managing funds for retail investors

The Guardian - UK

Former fund manager Neil Woodford to be banned and fined almost £46m

The FCA said Mr Woodford and his fund business ‘made unreasonable and inappropriate investment decisions’ between July 2018 and June 2019

Evening Standard

Will I receive a car loan scheme payout and how much might I get?

Regulator expects to make payments of up to £950 to victims of discretionary commission scandal

The Guardian - UK

Car loans: Why could drivers still get compensation after court ruling?

The UK’s financial regulator is to consult on consultation payments after a landmark court ruling on motor finance agreements.

Evening Standard

Motor finance: Concerns raised that some firms’ records may be ‘patchy at best’

The Finance and Leasing Association said it will be ‘interesting to see’ how dated information will be addressed in the FCA’s consultation.

Evening Standard

Major lenders see share prices surge after car finance mis-selling ruling

A court ruling means payouts will be at the lower end of initial estimates – though are still worth billions

The Independent UK

Shares in lenders soar after motor finance court ruling

Lloyds Banking Group and Close Brothers saw big share gains after the industry won a reprieve in the motor finance case before the UK’s highest court.

The Independent UK

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The Guardian - UK

Car finance scandal: shares in UK lenders jump after supreme court ruling

Lloyds and Close Brothers surge after Friday’s court decision slashed the expected bill for compensation on mis-sold loans

The Guardian - UK

EU-US trade deal hits investor confidence; Tesla awards Elon Musk almost $30bn of shares – as it happened

Rolling coverage of the latest economic and financial news, as shares in Lloyds and Close Brothers jump

International Business Times

UK Lenders Face $12 Bn Plus Compensation Bill Despite Court Ruling: Watchdog

British finance firms behind high interest car loans could have to pay out more than nine billion pounds ($12 billion) in compensation despite the country's highest court ruling that most of the controversial deals were lawful, a financial watchdog said Sunday.

Evening Standard

Motor finance victims urged to complain as compensation could hit £18bn

It is thought millions have people have been affected.

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The Independent UK

Martin Lewis explains how to claim car finance mis-selling compensation as FCA predicts payouts worth up to £950

Martin Lewis says there is a ’very high likelihood’ that many people will receive hundreds of pounds in compensation

The Guardian - UK

The Guardian view on car finance scandal redress: mis-sold loans demand action, not excuses or spin

Editorial: Millions were overcharged on car loans they didn’t fully understand. The courts said this was unfair. It’s time for regulators and ministers to deliver redress

The Independent UK

Car finance scandal victims to get less than £950 each in compensation

IN FULL

The Independent UK

Car finance mis-selling payout scheme could cost billions, says FCA

The Supreme Court ruled that hidden commissions from lenders to dealers on car loans were not unlawful

The Guardian - UK

Millions in line for payouts from £18bn car loan compensation scheme

City regulator says motorists should start to get payments in 2026 with ‘most payouts likely to be under £950’

Evening Standard

Car loan customers may be owed money after landmark court decision

The FCA currently estimates that most individuals will probably receive less than £950 in compensation.

The Independent UK

Motor finance customers could receive payout as FCA will consult on scheme

The FCA currently estimates that most individuals will probably receive less than £950 in compensation.

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