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4.7

FCA chief accused of threatening consumer group over £9.1bn car loan scheme

Court filings allege FCA CEO Nikhil Rathi warned a consumer group of 'adverse consequences' if it challenged the £9.1bn motor finance compensation settlement. The claim, if substantiated, would mark an inappropriate intervention by a public official in a regulatory process. The outcome could affect the scheme's implementation and public trust in the FCA.

Guardian World2 days agoGBengCredibility 33%View source

Score Breakdown

Mosaic Score4.7
Confidence0.3
Significance0.5
Source credibility0.3

Intelligence Tags

#fca#motor-finance#regulatory-scandal#consumer-protection#uk

Locations

London

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country
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