Millions who bought cars on finance before January 2021 'owed payout' | Personal Finance | Finance

City watchdogs have outlined plans for a massive compensation and redress scheme that would see billions of pounds paid to millions of people who lost out on rip-off car finance.The Financial Conduct Authority (FCA) has stated that a formal redress scheme is increasingly likely if the courts confirm that consumers have been wrongfully overcharged.The watchdog says that it will determine its next steps within six weeks of an upcoming Supreme Court hearing, which could have significant financial..