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  "path": "/banks-not-ready-for-motor-finance-scheme-says-city-watchdog/",
  "publishedAt": "2026-06-09T09:02:42.000Z",
  "site": "https://www.cityam.com",
  "tags": [
    "Banking",
    "Business",
    "Economics",
    "Markets",
    "Regulation",
    "[...]"
  ],
  "textContent": "The City watchdog has warned that motor finance lenders are “not as ready as we would expect” for the introduction of its long-awaited redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), has written to the Treasury Committee following inquiries around the legal challenges to its car mis-selling scheme. The regulator published [...]",
  "title": "Banks ‘not ready’ for motor finance scheme, says City watchdog"
}