UK’s FCA Considers Extending Deadline for Car Loan Complaints Against Banks

The Financial Conduct Authority (FCA) in the UK is currently deliberating whether to extend the deadline for customers to submit complaints related to car loans facilitated by banks. This potential shift comes in light of ongoing discussions regarding the adequacy of the current timeframe allowed for individuals to voice their grievances against banks over car financing deals. The regulatory agency aims to adjust the timelines in a manner that ensures fair treatment for consumers while also holding banks accountable for any missteps in their lending practices.

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