FCA faces battle over £1m ad campaign rejecting car loan claims firms

City watchdog aims to tell drivers they will not need to use companies to apply for share of £18bn compensation schemeThe City regulator is facing a battle with claims companies over a £1m advertising campaign designed to discourage drivers from using their services to get payouts over the car loan scandal.The Financial Conduct Authority (FCA) announced this month that it would roll out a series of online and radio adverts, telling drivers they will not need to use claims management companies (CMCs) or law firms to apply for their share of the regulator’s proposed £18bn compensation scheme. Continue reading...

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