Lloyds Banking Group (LYG) is "moving forward" with the UK Financial Conduct Authority's motor finance redress scheme, a company spokesperson told MT Newswires.
The spokesperson also said the company remains disappointed in and continues to disagree with the regulator's findings.
In a Friday report, the Financial Times said Lloyds Banking Group previously mulled a legal challenge to the 9-billion-pound ($12.09 billion) car finance redress scheme. The compensation program is for motor finance customers who were treated unfairly between 2007 and 2024, according to the regulator.
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