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

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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)…

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