Martin Lewis reacts to car finance compensation scheme

Compensation payments averaging over £800 are due on over 12 million mis-sold car finance deals, the Financial Conduct Authority (FCA) has said. On Monday, the FCA published its long-awaited compensation scheme covering the mis-selling of car finance deals that had secret commission payments within the deals. The FCA said the deals meant consumers were denied the chance to seek a better deal and, in some instances, paid more for their loan. • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on TikTok https://www.tiktok.com/@itvnews?lang=en Follow ITV News on Instagram: https://www.instagram.com/itvnews/ Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on X: https://twitter.com/itvnews