FCA extends car finance complaints deadline as lenders scramble
Daily MailThe City watchdog has extended the deadline for motor finance lenders to respond to complaints regarding historic commissions on car loans. The Financial Conduct Authority has granted motor finance companies until 4 December 2025 to offer a final response to non-DCA complaints, just as it has done with complaints concerning DCAs. Extension: The FCA has granted motor finance companies until 4 December 2025 to offer a final response to non-DCA complaints, just as it has done with complaints concerning DCAs One senior FCA lawyer, Stephen Braviner Roman, recently suggested the total figure could surpass the estimated £50billion British banks paid to settle payment protection insurance claims. The FCA has been investigating the motor finance sector for many years, following concerns that car buyers were paying more than necessary on deals.
History of this topic
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