Regulators clamp down on "misleading" motor finance claims managers

The FCA has joined with three other regulators "to tackle misleading advertising and inadequate information" from law firms and claims managers specialising in motor finance agreements.

By Neasa MacErlean

A £1 million advertising radio and online campaign explains that such firms can take 30 per cent of the compensation payment that claimants would receive in full if they simply went via the finance provider and the Financial Ombudsman.