Latest

Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme

The Guardian UK · 1 September 2026 at 08:16

Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme

FCA chief, Nikhil Rathi, warned of ‘adverse consequences’ if challenge made to settlement, court filings allege The boss of the UK’s financial regulator is accused of threatening a consumer group with “adverse consequences” if it blocked a £9.1bn compensation scheme meant to settle the motor finance scandal .

Legal documents reviewed by the Guardian said the alleged comments by the Financial Conduct Authority (FCA) chief executive, Nikhil Rathi, amounted to “an inappropriate intervention by a public official”.

Read the full article on The Guardian UK ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian UK.

Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme

More from The Guardian UK

Nepal-Tibet floods: death toll passes 1,000 as rescue efforts continue at hydropower tunnels – latest updates

Raygun: Breaking Badly review – the ridiculed Olympic B-girl gets the last laugh … and it’s a total joy

Man, 23, charged with murder after fatal Teesside house fire

Scaring monkeys? Detecting bedbugs? Meet the elite working dogs – in pictures

More in Latest

Today on Sky Sports Racing: Jessica chases first success at Wolverhampton

Why is Antonelli taking grid penalties on home soil in Italy?

The BRUTAL knockout on Itauma undercard!

Osaka's look inspired by NBA legend Iverson in opening US Open win

Saka goal leads Arsenal to victory at Villa Park

Saka earns hard-fought win for Arsenal at Villa