NFDA Responds to FCA’s Motor Finance Redress Scheme
NFDA 30/03/2026
The National Franchised Dealers Association (NFDA) acknowledges the Financial Conduct Authority’s rules for the motor finance redress scheme, announced after market close on 30 March 2026.
Following engagement between NFDA, the FCA and other industry bodies, the FCA has made several changes to the design of the final scheme. NFDA will provide a further update to members in due course.
About the RMI
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.