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City watchdog suspends parts of £9bn motor finance scheme after industry backlash

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City watchdog suspends parts of £9bn motor finance scheme after industry backlash
The UK’s financial watchdog has suspended parts of its under-fire £9bn motor finance redress scheme amid fierce backlash from industry and consumer groups. In a statement on Thursday, the Financial Conduct Authority (FCA) said the suspension will require firms to continue preparations for its scheme but avoid work that “may need to be repeated” if [...]
2 Jul, 11:38
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