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The Lord Bishop of St Albans to ask Her Majesty's Government, further to the report by the Financial Conduct Authority (FCA) Our work on motor finance—final findings, published on 1 March 2019, and the decision by the FCA announced on 28 July to ban discretionary commission models of car finance, what assessment they have made of whether personal contract purchase finance has been mis-sold; and what plans they have to introduce a compensation scheme for any consumers affected.  HL11374

Question HL11374: tabled on 10 December 2020 and due for answer by 24 December 2020

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Question text

To ask Her Majesty's Government further to the report by the Financial Conduct Authority (FCA) Our work on motor finance—final findings, published on 1 March 2019, and the decision by the FCA announced on 28 July to ban discretionary commission models of car finance, what assessment they have made of whether personal contract purchase finance has been mis-sold; and what plans they have to introduce a compensation scheme for any consumers affected.
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