Watchdog gives lenders a year to respond to UK car finance complaints
by Julia Kollewe from World news | The Guardian on (#6T1EW)
Financial Conduct Authority sets 4 December 2025 deadline for handling rising number of customer queries
The City regulator has given lenders a year to respond to the rising number of customer complaints over the way they were sold car loans, after a high court ruling left firms fearing a potential 30bn compensation bill.
The Financial Conduct Authority said firms had until 4 December 2025 to provide a final response to agreements not involving a discretionary commission arrangement (DCA), in line with a deadline that had already been provided for complaints involving DCAs.
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