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FCA Investigates Mis-Sold Car Finance, Potentially Costing Lenders Hundreds of Millions
The UK's Financial Conduct Authority (FCA) investigates potential mis-selling of car finance, potentially costing lenders hundreds of millions in compensation due to brokers incentivized to place customers on higher interest rates before a 2021 ban.
FCA Investigates Mis-Sold Car Finance, Potentially Costing Lenders Hundreds of Millions
The UK's Financial Conduct Authority (FCA) investigates potential mis-selling of car finance, potentially costing lenders hundreds of millions in compensation due to brokers incentivized to place customers on higher interest rates before a 2021 ban.
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