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FCA Investigation Reveals Car Finance Mis-Selling by Lenders!
The Financial Conduct Authority (FCA) has identified systemic mis-selling of car finance by lenders and dealers, exposing widespread misconduct through discretionary commission arrangements (DCAs). This revelation could lead to significant compensation payouts for affected consumers and major financial repercussions for the automotive finance industry. The FCA launched its review into the car finance sector following concerns that discretionary commission arrangements …