Why two million drivers will miss out on FCA car finance compensation | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleAnna WiseMonday 30 March 2026 17:32 BSTThe FCA outlined a proposed compensation scheme last October that could have seen payouts for some 14 million drivers (Gareth Fuller/PA)The Financial Conduct Authority (FCA) has finalised its redress scheme for unfair motor finance deals, with an average payout of £829 expected per deal.The scheme is projected to distribute a total of £7.5 billion in compensation across approximately 12.1 million eligible deals.Compared to earlier proposals, the final scheme will see around two million fewer motor finance deals qualify for compensation.FCA chief executive Nikhil Rathi emphasised the scheme's goal to return £7.5 billion to consumers and urged prompt payouts.The compensation programme covers motor finance agreements that were taken out between 2007 and 2024.In fullMillions who were mis-sold car loans to get average £829 payout in final schemeThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in