How will car finance compensation payments work?

"many law firms out there who would like to get 30% of any compensation"

— Nikhil Rathi , Executive

"We don't recognise losses on that scale"

— Adrian Dally , Executive

"We have decided not to challenge the schemes and will now focus on their implementation."

— Santander , Executive

"This was a finely balanced judgment reflecting our primary desire to bring greater certainty to our customers, shareholders and the wider motor finance sector, factors which outweighed our disagreement with elements of the proposed schemes."

— Santander , Executive

"The short-term pressure is particularly on specialist lenders who may struggle with the sheer scale of the payouts."

— Dr Samir Alamad , Academic

"It's great that the FCA was cracking down on hidden finance agreements."

— Pat Hoy , Executive