Major bank to quit UK over ‘unfair’ car finance compensation bill as millions to get £829 payouts

Major bank to quit UK over ‘unfair’ car finance compensation bill as millions to get £829 payouts

A FURIOUS bank has vowed to pull its business out of Britain in reaction to the car finance compensation scheme. FirstRand is set to pay out £750million in compensation this year to those who were mis-sold car finance through its firm MotoNovo. Around 12million drivers are set to receive £829 on average for mis-sold finance...

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