Car Finance

Payouts for mis-sold car finance could be another step closer as the financial regulator has set out the factors it will consider if it were to introduce an industry-wide redress scheme – though we won't know more about how this will work until after a key Supreme Court decision expected in July. In the meantime, the regulator has warned that you DON'T need to sign up with a claims firm to be included.

The Supreme Court is today (Tuesday 1 April) starting its hearing into whether to uphold or overturn the Court of Appeal's surprise ruling that all car finance agreements with hidden commission were unlawful. Yet even if that decision is overturned, some mis-selling payouts are still likely. Here's what you need to know.