Business2 sources
Barclays to Offer Car Loan Mis-selling Payouts Before Legal Outcome
- Barclays is the first major lender to offer compensation for mis-sold car loans.
- Payouts will begin this month, with some customers receiving money before Christmas.
- The bank is making 'early settlement' offers ahead of the legal battle's conclusion.
- The compensation is part of an ongoing industry-wide issue facing major financiers.
- The industry awaits the outcome of a £9bn redress scheme challenge.