The FCA has reduced the car finance compensation bill to £7.5bn, while increasing average payouts, as lenders and consumers weigh potential legal challenges. Read more: Car finance redress bill cut by £2bn as VCA unveils final compensation scheme
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Ford’s FCE Bank has set aside £155m for car finance mis-selling claims as the FCA prepares to unveil rules for a multibillion-pound compensation scheme. Read more: Ford’s FCE Bank sets aside £155m ahead of car finance compensation ruling
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Allica Bank has been named the UK’s most recommended business bank in the 2026 Banking & Finance Awards, as the fintech reaches a $1.2bn valuation and expands SME lending. Read more: Allica Bank named most recommended business bank as fintech unicorn momentum builds
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