Car finance victims to get an average £830 payout but fewer loans eligible

Victims of the car finance scandal will be in line for payouts worth £830 on average, as the City regulator tightened the rules of its compensation scheme to cover fewer contracts.The Financial Conduct Authority (FCA) released the final details of its planned redress programme, saying it had narrowed the number of loan agreements eligible for payouts from 14m to 12.1m contracts.That tweak, which covers loans agreed between 2007 and 2024, is expected to result in a higher payout for each contract, up from £700 to £830, including interest.The scheme is intended to draw a line under the car finance scandal, in which drivers were overcharged for loans as a result of commission payments between lenders and car dealers

When will car finance compensation be paid out and how much could you get?

Millions of victims of the UK’s car finance scandal will receive payouts this year, the City regulator has confirmed.But the number of car loans judged to be unfair has been cut by more than 2 million, meaning fewer people will benefit, while the average payout has increased to about £830 per agreement.On Monday the Financial Conduct Authority (FCA) pressed the button on its long-awaited industry-wide scheme to compensate millions of people who were treated unfairly when they took out motor finance to buy a new or secondhand vehicle.Unveiling the final version of the scheme, the regulator said it had made several changes to proposals outlined last October in response to “conflicting feedback” from the various players in the saga, including consumer groups, lenders, brokers and car manufacturers.One of main changes is a tightening up of the rules on eligibility for a payout “so only those treated unfairly are compensated”

Apple subsidiary fined by UK government over Moscow sanctions breach

The UK government has fined a subsidiary of Apple £390,000 for breaching sanctions against Moscow over payments it made to a Russian streaming platform.Apple Distribution International (ADI), based in the Republic of Ireland, instructed an unnamed UK-based bank to make two payments to a company owned by a sanctioned Russian entity.The payments, worth more than £635,000 in total, were made to the streaming service Okko from an ADI bank account based in Britain. ADI is responsible for selling Apple products in Europe and the Middle East, including from the iPhone maker’s app store.The fine was imposed by the Office of Financial Sanctions Implementation (OFSI), the UK’s sanctions watchdog and part of the Treasury

How Meta’s victim-blaming failed to sway jurors in landmark social media addiction trial

When Meta, the parent company of Facebook and Instagram, sought to defend itself in the landmark social media addiction lawsuit alleging its products caused personal injury to a young user, it went on the offensive. The mental health problems that the 20-year-old known as KGM suffered since she was a child were not the result of exposure to harm on Instagram, Meta’s lawyers and public relations team argued, but instead linked to her mother’s parenting and her offline social problems.In a bench memo filed before the trial began, lawyers for Meta quoted excerpts from KGM’s teenage text messages, personal writings and social media posts complaining about her mother. They combed through therapy notes and called on doctors to testify to examples of personal conflict. Throughout the proceedings, Meta’s communications team sent reporters repeated updates from the trial and quotes from testimony that highlighted her familial issues

Cheltenham pulls plug on rest of season to fix home-straight drainage problems

If you were planning a day at Cheltenham before the end of the jumps campaign, think again. The home of National Hunt racing said on Monday it will not stage another fixture until autumn, having taken the unprecedented decision to cancel its three remaining meetings in order to start major drainage works on the home straight over the summer months.The two-day meeting scheduled for 15-16 April and the track’s traditional season finale, a hunter-chase fixture and concert on 1 May, attracted a combined total of nearly 25k spectators in 2025. That is a long way short of the 56k daily average at the festival this month, but will still represent a significant loss in ticket sales and race-day revenue from food, drinks and betting.Potential drainage problems were highlighted in January when the final race of the Trials meeting, the last fixture at the course before the festival, was delayed for 29 minutes by the appearance of a hole in the home straight

UConn’s thrilling win over Duke proved that blue-blood clashes are alive and well

College basketball has transformed almost beyond recognition over the last decade. But Sunday’s game provided welcome nostalgiaUConn’s shock win over No 1 seed Duke on Sunday night to advance to the Final Four connected two disparate eras of college basketball. Not only did the game produce one of the greatest endings in NCAA Tournament history, it was also a reminder of college basketball’s enduring appeal despite the huge changes that have transformed the sport over the past decade.Freshman Braylon Mullins’s three-point heave from well beyond the arc – after he had moments earlier stolen the ball from Duke guard Cayden Boozer – sealed the 73-72 victory. It was a shot that will forever torment Duke fans: the Blue Devils had led by 19 points in the first-half, and No 1 seeds had been 134-0 when leading by 15 or more points in NCAA Tournament history