City watchdog attacks consumer group in £9.1bn car loan payout battle

The Financial Conduct Authority is asking a court to exclude a consumer advocacy group from a major lawsuit over mis-sold car loans. According to The Guardian, the FCA is challenging Consumer Voice—the only organization publicly advocating for higher compensation in the scandal—alleging that its co-founders have failed to disclose their funding sources and potential conflicts of interest. The dispute centers on nine point one billion pounds in potential payouts to affected customers. The case has already drawn heavy pressure from banks and a controversial intervention from Chancellor Rachel Reeves, as the debate over fair consumer compensation continues.

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