FCA to release details of UK car finance scandal compensation scheme

Redress programme for 14m motor finance agreements will be set out by regulator on Monday afternoon

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Millions of drivers will discover how much can they claim over the car finance scandal on Monday, as the City regulator sets out the final terms of its compensation scheme.

The Financial Conduct Authority (FCA) will release the details of its redress programme for 14m motor finance agreements after 4.30pm, ensuring that the information comes out after stock markets close for trading.