fintech / news / / Evening Standard
Mercedes-Benz is challenging the FCA’s car finance compensation scheme.
Mercedes-Benz and two other lenders are legally challenging the FCA’s car finance compensation scheme.
KEY POINTS
- Volkswagen Financial Services is reportedly one of the unnamed companies appealing against the FCA scheme.
- Several major lenders, including Santander, Barclays, and Lloyds, decided not to pursue legal challenges.
- Consumer Voice is challenging the scheme, claiming it could undercompensate millions of affected drivers.
COMPANIES
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