Motor finance customers could receive a payout after the FCA announced it will consult on an industry-wide compensation scheme in October. What if I’m owed motor finance compensation? Sheree Howard, executive director at the FCA, said: “We’ll set out plans for a free, easy-to-access motor finance compensation scheme. Separately the FCA has recently warned consumers about scammers pretending to be car finance lenders and falsely claiming that people are owed compensation, despite there being no car finance compensation scheme in place yet. FCA motor finance compensation schemeThe FCA’s decision to consult on an industry-wide compensation scheme follows a landmark ruling by the Supreme Court on motor finance cases in August.