FCA consumer duty update/Motor finance compensation scheme

In this week's episode, we discuss the detail behind the FCA's proposed motor finance redress scheme. While millions of consumers could be in line for compensation, some consumers are unhappy with the design of the scheme.In the second half of the show, we look at the FCA's latest consumer duty updates, and it's work plan for the year ahead. With Buy Now Pay Later being brought into FCA regulation and the Consumer Credit Act under review - the FCA is kickstarting a review of its credit disclosure rules. We discuss what changes we might see, and also talk about Nikhil Rathi's recent letter to the Chancellor and what he meant by the phrase "rebalancing risk".   Email us your questions and suggested topics for discussion to [email protected]