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Lenders to pay £11bn redress in motor finance scandal, FCA rules

By Benjamin Chiou

Date: Wednesday 08 Oct 2025

(Sharecast News) - Lloyds Banking Group has said it is "assessing the implications" of an announcement by the Financial Conduct Authority to charge motor finance lenders £11bn in compensation for unfair practices.

The FCA said late on Tuesday that it expects payouts on 14m finance agreements with customers receiving...

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