#car-finance-scandal

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#tax-loophole #bank-compensation #government-response #compensation-scheme #fca #consumer-protection
UK politics
fromwww.theguardian.com
5 days ago

City minister accused of ignoring 2bn car finance tax loophole

City minister Lucy Rigby confirmed banks involved in the car finance scandal can exploit a loophole to avoid about £2bn in corporation tax on compensation.
Cars
fromwww.theguardian.com
5 months ago

City regulator unveils car loan compensation scheme worth up to 18bn

FCA plans to launch a compensation scheme for victims of the car finance scandal, with payouts estimated between £9bn and £18bn.
fromwww.theguardian.com
5 months ago

Chancellor's attempt to intervene in car finance scandal branded disgraceful'

Dean criticized the intervention as unprecedented and disgraceful, asserting that it sends a bad message to consumers about government support for banks over consumer rights.
US politics
UK news
fromwww.theguardian.com
9 months ago

Santander looks at splitting car finance from rest of UK division

Santander is considering splitting off its scandal-hit motor finance business to make the UK bank more attractive for potential buyers.
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