All the updated news related to car loans

All the news related to car loans updated in real time

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Personal Finance

Financial Ombudsman Service increases complaint level predictions

More complaints about financial firms are expected this year than was previously anticipated, according to an ombudsman service. Gripes about perceived unaffordable lending, scams and motor finance are expected to feature in the Financial Ombudsman ...

04 Apr 2024 at 10:17

City

Santander’s potential UK exit raises concerns despite boss’s pledge to stay put

Santander’s potential exit from the UK could have a major ripple effect on the mortgage market, experts have warned, despite the bank signalling to consumers and staff that it will be staying put. Executive chairman Ana Botin insisted “We love the ...

22 Jan 2025 at 13:34

City

Close Brothers to set aside up to £165m for motor finance scandal

Close Brothers has warned it expects to set aside up to £165 million in its first half to cover possible legal and compensation costs following recent developments in the car loans commission scandal. The lender said the estimate follows a ...

12 Feb 2025 at 11:42

Home

Longford Senator quizzes RTE execs on car loan

From summer flip flops to concert tickets the finances of RTE were under scrutiny as representatives of the State broadcaster's board were before The Oireachtas Committee on Media to answer questions on spending. Fine Gael Senator Micheàl ...

06 Jul 2023 at 17:33

Personal Finance

Ombudsman service is handling more than 60,000 motor finance commission cases

The Financial Ombudsman Service (FOS) has more than 60,000 complaints cases relating to motor finance commission pending, a committee of MPs has heard. James Dipple-Johnstone, interim chief ombudsman at the FOS, was answering questions ...

11 Feb 2025 at 13:01

City

Millions face longer wait for payouts under motor finance redress scheme plans

Millions of people mis-sold car loans will have to wait longer for compensation payouts after the City watchdog revealed plans to give lenders more time to prepare for its redress scheme. The Financial Conduct Authority (FCA) is set ...

04 Mar 2026 at 15:55

City

Millions could get motor finance compensation in 2026 under plans due this month

Millions of people mis-sold car loans could receive compensation this year under plans to set out final rules for a redress scheme later this month, the City watchdog has said. The Financial Conduct Authority (FCA) said it is ...

04 Mar 2026 at 08:25

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