£9.1 billion UK motor finance redress bill delay raises capital questions for banks
UK car loan firms got some cash-flow relief Thursday after the Financial Conduct Authority said they can delay working out or paying compensation until the Upper Tribunal wraps up. But the FCA kept the capital requirements in place. Lenders still have to flag cases, keep collecting commission data, and prep for handling complaints outside any possible scheme, with enough capital and liquidity left in their UK regulated units. The tribunal is set to take up challenges either Dec. 14-18, 2026, or Feb. 16-26, 2027. Consumer Voice, plus finance units for Volkswagen AG, Mercedes-Benz Group AG, and Crédit Agricole SA, are bringing the cases.