#car-finance-scandal

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#tax-loophole #bank-compensation #government-response #compensation-scheme #fca #consumer-protection
UK politics
fromwww.theguardian.com
3 weeks 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
6 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
6 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
10 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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