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In a major crackdown, millions of drivers in the United Kingdom are set to receive compensation after being mis-sold car finance agreements, following a redress scheme proposed by the Financial Conduct Authority. Around 12.1 million finance deals qualify, with lenders expected to pay about £7.5bn in compensation, averaging roughly £829 per person, while the total scheme cost including administration is estimated at £9.1bn.
Monday, 30 March, 2026