Consumer Group Challenges UK Car Finance Redress Scheme
Consumer Voice filed a legal challenge against the Financial Conduct Authority's 9.1 billion pound compensation plan. The group claims the scheme underpays victims.
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A significant legal challenge has been launched against a £9.1 billion ($12.32 billion) redress scheme designed to compensate motorists in the United Kingdom for mis-sold motor finance. The consumer advocacy group, Consumer Voice, announced on Monday that it has applied to London's Upper Tribunal to contest the plan, which was recently finalized by the Financial Conduct Authority (FCA).
