U.K. Watchdog Likely to Cut Compensation From Car-Loan Redress Program, FT Says, Citing Sources

Dow Jones
Feb 18
 

--The U.K.'s financial regulator is set to cut up to 1 billion pounds ($1.36 billion) from a compensation owed by automakers over historical car loans in the country, the Financial Times says, citing unnamed sources.

-- The move comes after lenders and manufacturers cautioned that the 11 billion-pound redress compensation could stifle automotive investment in the country, FT reports, citing the sources.

--The Financial Conduct Authority told the FT it was currently reviewing stakeholder feedback and was yet to finalize the rules of the redress framework.

 

Full story: https://shorturl.at/S0qvU

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

February 18, 2026 03:49 ET (08:49 GMT)

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