The Financial Conduct Authority has been under pressure to take action after an appeal court ruling last month found it was unlawful for two lenders to have paid commission to car dealers without borrowers' knowledge. Some lenders have been flooded with complaints, including from claims management companies and claims law firms, as consumers look to see whether they could be in line for a slice of a compensation bill that the rating agency Moody's suggests could balloon to £30bn.
The FCA is proposing to ease the pressure by scrapping an eight-week deadline for lenders to respond to complaints. It suggests an extension to 31 May or 4 December next year.
Denne historien er fra November 22, 2024-utgaven av The Guardian.
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Denne historien er fra November 22, 2024-utgaven av The Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Amorim asks for survival mode after Wolves loss
Ruben Amorim said Manchester United must adopt survival mode to end their miserable run after a fourth defeat in five Premier League matches dropped them to 14th, eight points above the relegation zone.
'We have to try' Guardiola calls for January signings after Everton draw
Pep Guardiola and the Manchester City board will discuss new signings for the January transfer window this week, the manager said after his team dropped another two points in the 1-1 draw with Everton.
Arteta backs Martinelli to step up after Saka injury
Mikel Arteta is hoping Gabriel Martinelli can help to fill the void created by Bukayo Saka's hamstring injury, with the England forward likely to miss key fixtures including the north London derby next month.
Wilson and Muniz pounce late to cast doubt on Chelsea's title credentials
Perhaps there will be some debate around Fulham's equaliser after 82 minutes of this 2-1 derby win for Marco Silva's team at Stamford Bridge.
Jones and Salah clear path at the top for Liverpool
Liverpool have kicked off at 8pm on a Boxing Day twice in their history.
Tonali helps Newcastle ease past 10-man Villa
Sandro Tonali has brought Newcastle an abundance of gifts but perhaps foremost among them is the rare ability to slow games down that offers Eddie Howe's high-intensity team the sort of invaluable control they have so often lacked in recent months.
Elanga takes Forest third and deepens Postecoglou's pain
The mist rolled in with such increasing density from the Trent that eventually it was difficult to make out which Tottenham player was running down which blind alley. But what is crystal clear is Nottingham Forest's momentum which, after Anthony Elanga's third goal in successive games, has lifted them into third place in the Premier League.
Haaland's wasted spot-kick adds to Guardiola's gloom
Manchester City's plight is their individual kind of déjà vu nightmare.
Fabianski carried off but Bowen edges out Juric's new Saints
If we take the view that Southampton are doomed - as a reminder, no club has ever stayed in the Premier League with such a lowly points tally at this stage of the season - then small positives must be sought wherever possible for the beleaguered regulars at St Mary's.
'Rubbish game' but Guéhi content with valuable point
The visiting captain, Marc Guéhi, branded Crystal Palace's goalless draw with Bournemouth a \"rubbish game\" and \"boring for the neutral\".
