Nikhil Rathi, chief executive officer of the Financial Conduct Authority. Photo: Hollie Adams/Bloomberg
The UK’s financial watchdog is prepared to adjust its proposed motor finance compensation scheme after hearing from more than 1,000 businesses and consumers, its boss has told MPs.
Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), said some lenders have so far been “very focused on things they don’t like” about its proposals.
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