From www.theguardian.com: (UK context) The Financial Conduct Authority is set to announce a compensation scheme for consumers who were mis-sold car finance, following a landmark court ruling on commission payments to dealers.

If implemented, banks will proactively contact affected borrowers, potentially leading to payouts averaging over £1,100 per individual.

The overarching scandal, which has been ongoing since January 2024, may cost UK lenders an estimated £44 billion due to widespread mis-selling practices.