💨 Abstract

The Financial Conduct Authority (FCA) is investigating potential misselling of Discretionary Commission Arrangements (DCAS) in UK car finance policies. Millions of car owners could be eligible for thousands in compensation. The FCA plans to make payouts through an industry-wide redress scheme, meaning people won't need to individually seek redress from lenders.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖