Millions of drivers face delays to receive £829 as FCA suspends car finance compensation scheme

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Millions of drivers face delays to receive £829 as FCA suspends car finance compensation scheme

The Financial Conduct Authority has announced a partial suspension of the car finance redress scheme, which will leave drivers waiting even longer to receive compensation. Legal challenges have been mounted against the FCA from four commercial parties, including Consumer Voice, represented by Courmacs Legal, Volkswagen Financial Services, Mercedes-Benz Financial Services, and Crédit Agricole Auto Finance. The Upper…