Santander will not challenge the Financial Conduct Authority’s redress scheme for mis-sold car finance and will begin compensating affected customers. The programme, covering 12.1 million agreements ...

A MAJOR high street bank has agreed to pay compensation after mis-selling car finance loans. Santander has agreed to a redress scheme that will give motorists payouts of around £829 each.

Millions or motorists were mis-sold car loans with an earlier ruling saying they were each entitled to an average of £829 ...

Motorists who were mis-sold car finance deals may be eligible for compensation after Santander confirmed it would not challenge the FCA's redress scheme ...

Payouts are due on about 12.1 million mis-sold deals from various lenders at an average of £829 each, the Financial Conduct Authority said.