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Millions of Car Owners May Be Eligible for Compensation Amid Mis-Selling Scandal

ITV

A former car dealer has come forward with allegations of mis-selling motor finance, sparking a Financial Conduct Authority investigation into 'discretionary commissions'. This practice allowed dealers to adjust interest rates on car loans, potentially affecting millions of Australians who may now be eligible for compensation. With the FCA scrutinising these commissions, car finance and consumer protection are under the spotlight. As the investigation unfolds, many are hoping for a fair outcome and possible refunds. The case highlights the importance of transparency in car financing and loan agreements.