The Financial Conduct Authority is set to publish its final decision this afternoon on compensation payments for mis-sold car finance.
The FCA ruling will set out the payout programme for 14 million motor finance agreements sold between April 2007 and November 2024.
The BBC reports the multi-billion pound saga is likely to result in average compensation payments of approximately £700.
However, the long-running saga might not quite be ending yet, as the regulator's scheme could still face a legal challenge by lenders and claims management companies,
The scandal relates to commission arrangements between lenders and dealers, inaccurate information given to buyers and unfair contracts.
According to FCA estimates, around 44% on all car finance agreements made during the period are eligible for compensation, totalling £8billion, with a further £billion in administrative costs for lenders.
It comes as The Times reports Ford has set aside £155million to cover compensation payments.
The figure is a significant increase on the £61million it had earmarked for redress a year earlier.
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