Motorists who were mis-sold car finance are likely to receive less than £950 per deal in compensation under the financial regulator's proposed scheme.
On Friday, the Supreme Court ruled that hidden commissions from lenders to dealers on car finance loans were not unlawful, a development that means millions will miss out on payments.
However, the BBC reports the court ruling did leave open the prospect of compensation claims for particularly large commissions deemed unfair by the court.
Reacting to the ruling, the Financial Conduct Authority (FCA) will now consult on a payout scheme expected to cost anywhere between £9billion and £18billion.
The industry is expected to cover the full costs of the scheme, inclusive of administration fees.
The FCA said it was "hard to estimate" precise costs at this stage but that it anticipated millions being eligible to claim.
While claims can relate to finance agreements dating as far back as 2007, the Finance and Leasing Association cautioned that such a wide timeframe could be problematic as firms have not been required to retain information stretching that far back.
The first payouts under the scheme are expected next year.
Read more on the BBC website.