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FCA ‘worked backwards’ to justify motor finance redress, say lenders
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City AM
FCA ‘worked backwards’ to justify motor finance redress, say lenders
A trio of motor finance lenders have accused the City watchdog of “working backwards” to justify its redress scheme that is set to cost the industry billions. In new documents, Mercedes-Benz’s financial services arm, which has set aside as much as £400m in payouts for the car mis-selling scandal, said the Financial Conduct Authority’s (FCA) [...]
1 Sept, 09:04
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