# Santander, Barclays and Lloyds have accepted the Financial Conduct Authority’s scheme.

*fintech · news · 2026-04-27 · Birmingham Live*

## Key points

- Santander, Barclays, and Lloyds have accepted the FCA's £9.1 billion motor finance compensation scheme.
- Payments to consumers can begin immediately now that major lenders have dropped legal challenges.
- The scheme compensates motorists mis-sold finance agreements between April 6, 2007, and November 1, 2024.
- The compensation targets hidden Discretionary Commission Arrangements that led to inflated interest rates.

**Companies:** Barclays, Santander, Lloyds
**Countries:** United Kingdom

[Read the full story on Birmingham Live](https://www.birminghammail.co.uk/news/cost-of-living/millions-drivers-set-receive-829-33843215)

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