FCA: CP25/27: Motor Finance Consumer Redress Scheme
07 Oct 2025
United Kingdom
1 min read
FCA has now published its consultation on the motor finance redress scheme. The proposed scheme would cover regulated motor finance agreements taken out by consumers between 6 April 2007 and 1 November 2024 where commission was payable by the lender to the broker. FCA proposes that lenders will deliver the scheme, rather than brokers. FCA is also consulting on extending how long firms have to provide a final response to motor finance complaints to 31 July 2026. Responses are required by 18 November 2025, for comments on the redress scheme proposals and by 4 November 2025, for comments on the proposals to extend how long firms have to provide a final response to certain motor finance complaints.
