UK Car Finance Mis-selling Payouts Could Be Delayed Until 2027
Millions of UK drivers seeking compensation for hidden car finance commissions may have to wait until 2027 for payouts. Legal challenges are currently delaying the Financial Conduct Authority's (FCA) investigation into a 17-year mis-selling scandal, putting average expected payouts of £829 at risk. Financial expert Martin Lewis has warned claimants to be cautious of claims-management firms that may take up to 30 per cent of their compensation. He advises consumers to review their agreements and follow new guidance on how to lodge formal complaints if they feel unfairly treated by these firms.
Prefer swipe-first reading?
Install the app to keep reading with faster loads and a smoother mobile experience.
Sources
Signed up to a car finance claims firm but unhappy with it? How to complain as new guidance issued
If you're unhappy with how a claims-management company or law firm has managed your car finance mis-selling case, or think it's treated you unfairly, you should challenge it by raising a formal ...
Fact Checks
Related news
Treasury Deficits and Borrowing Concerns Highlight Massive Shortfall Risks
Concerns regarding massive government deficits persist, with some analyses suggesting the U.S. Treasury may need to borrow an additional $1.45 trillion over the next few years. These warnings stem from internal financial advisory committees and political reporting, highlighting how complex financial engineering has been used to manage large outstanding debts. While one regional report noted a specific country cutting domestic borrowing targets to ease credit risk, the primary focus remains on the scale of anticipated federal shortfalls.
T-Mobile Overhauls Financing Plans, Introducing New 36-Month Options for Phone Upgrades
T-Mobile has announced significant changes to its service structure, introducing new wireless plans built around lower initial costs and extended 36-month device financing options for customers. The move allows consumers to potentially get devices with $0 upfront payments. However, industry observers note that while these plans increase affordability, they also extend the duration of customer commitment, following the removal of previous 'better value' offerings.
Solana's Tokenized Assets Surge as Major Stocks and TradFi Interest Drive Record Volume
Solana's market activity reached new heights last quarter, reporting $5.8 billion in tokenized equity trading volume. This significant growth was largely fueled by major listings, including the record-breaking SpaceX IPO. The platform is attracting both entertainment and institutional capital, highlighted by the launch of a tokenized Take-Two Interactive (GTA 6 publisher) stock. Industry experts suggest that structured products like perpetual futures are key to migrating traditional finance assets onto the blockchain.
Public Sector Workforce Faces Dual Challenge of Talent Shortages and Modernization
Government agencies are undergoing significant technological overhauls, building connected digital systems to improve mission efficiency and productivity across the workforce. However, this modernization effort coincides with deep labor challenges. Workers face reports of 'third world' conditions in some areas, while simultaneously, technical fields struggle with a dire shortage of skilled workers retiring out of the job market.
Zebulon Finance Director Retires Weeks After State Audit Finds Financial Oversight Issues
A state auditor's report detailing serious financial mismanagement prompted the retirement of Zebulon’s finance director. The findings highlighted critical lapses in financial oversight within the eastern Wake County town. The audit specifically noted issues such as duplicate payments and inadequate record-keeping, prompting the auditor's office to call for immediate security improvements. Town officials acknowledged the report's findings, admitting to the seriousness of the documented financial problems.
Lawmakers Cite Senate Report Finding Wall Street Banks Enabled Epstein's Trafficking Operation
Democrats on the Senate Finance Committee released a report concluding that prominent Wall Street institutions enabled Jeffrey Epstein's alleged sex trafficking ring. The findings detail how billions of dollars moved through these major banks over two decades, often involving unexplained cash withdrawals. Amid ongoing investigations and subpoenas in New Mexico, Senator Ron Wyden has claimed that media outlets, specifically CBS, are suppressing crucial information regarding the banks’ dealings with Epstein. These reports suggest a continued effort to obscure the full scope of financial complicity.
Take Yomuyo with you
Download the mobile app for personalized headlines and quick access to breaking stories.