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Ministers urged to close £2bn tax loophole in car finance scandal

Banks and specialist lenders will not pay tax on compensation payouts, sidestepping 2015 rule

FCA’s ‘not fit for purpose’ car finance redress scheme comes under fire from MPs

The FCA’s car finance redress scheme is ‘not fit for purpose’ and could ‘short change’ millions of motorists.

Drivers being robbed of £4bn in ‘insulting’ car loan redress scheme

Victims of the car loans scandal could miss out on more than £4bn in compensation if the City regulator ploughs ahead with plans for an “insulting” interest rate.

Car finance scandal compensation scheme is ‘unfit for purpose’ as millions of drivers could lose out

Experts are warning that the proposed car finance compensation scheme is “unfit for purpose” as it protects lenders more than drivers.

Motor finance backlash mounts with calls to pull £4bn from lenders

The financial watchdog is back in the hot seat as criticism of its controversial motor finance redress scheme continues to mount.

Watchdog’s car finance scheme could short-change consumers, MPs say

A new report from the All-Party Parliamentary Group on fair banking calls on the UK financial watchdog to revisit its proposed redress scheme.

🎙️ Listen to our Radio Interviews

Our Managing Director, Darren Smith, has spoken on multiple radio stations about the PCP scandal and the importance of legal support when making a claim. Listen to his interviews to hear how we’re championing consumer rights.

At Courmacs Legal, we’re proud to be recognised in leading national publications and media outlets for our work in consumer justice. From breaking legal developments to public discussions on financial fairness, our efforts continue to gain momentum.