I've just clocked this, and it's really rather interesting. And if any of you bought a car on the HP in the last few years, then it might be worth a few squid. To view the link you have to Register or Login
Millions of drivers could be in line for a payout, it has been claimed, after the UK financial watchdog opened an investigation into whether consumers had been unfairly charged inflated prices for loans on new and secondhand cars.
The Financial Conduct Authority said on Thursday that it had decided to examine whether a compensation scheme was needed to deal with alleged large-scale mis-selling in the £50bn-a-year motor finance sector.
Martin Lewis, a consumer champion, said the move could lead to “the new PPI” – a reference to the multibillion-pound payment protection insurance scandal.
Millions of drivers could be in line for a payout, it has been claimed, after the UK financial watchdog opened an investigation into whether consumers had been unfairly charged inflated prices for loans on new and secondhand cars.
The Financial Conduct Authority said on Thursday that it had decided to examine whether a compensation scheme was needed to deal with alleged large-scale mis-selling in the £50bn-a-year motor finance sector.
Martin Lewis, a consumer champion, said the move could lead to “the new PPI” – a reference to the multibillion-pound payment protection insurance scandal.
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