UK FLA is erring towards a legal challenge against the FCA's GBP 9.1bln motor finance redress scheme, Sky News reports

The UK FLA's potential legal challenge against the FCA's motor finance redress scheme signals rising tension between financial regulators and industry bodies.

Newsquawk StaffPublished 24 Apr 2026, 14:02 UTCOn the live feed at 13:42 UTC — 13 more headlines followed before this page went public

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13:47

"The date for the launch of the second round of US-Iranian negotiations has not yet been determined", Pakistani source via Al Hadath

13:45

Iran's Ghalibaaf has not resigned and is seriously engaged in his activities; rumours have been spread with the aim of disturbing public opinion; via Iran International citing the Head of Centre for Communications Iman Shamsai

13:42

UK FLA is erring towards a legal challenge against the FCA's GBP 9.1bln motor finance redress scheme, Sky News reports

13:35

Indian Air Force fighter jet crashes in Jammu and Kashmir; Initial unconfirmed reports indicate that the Indian Air Force fighter jet was shot down by an air defense system, reports Nour News

13:28

Cyprus's Foreign Minister Kombos said that the European Union "could and should be doing more" in the Middle East, adding that it should strike deals with regional partners and work towards ending the war in Iran, Politico reports

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Context

If successful, this challenge could delay or alter the implementation of the redress scheme, impacting banks' provisioning and potentially leading to higher credit risk perceptions in the motor finance sector. Stakeholders in the banking and finance industry should closely monitor developments as they could influence market sentiment and regulatory frameworks going forward.

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