Claims extracted
16
sentences that state something as happening or true
Uncertain
25%
4 of 16 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
3
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Drivers who have been mis-sold a car loan may be offered payouts while the watchdog’s industry-wide compensation scheme faces delays, as Barclays confirmed it would start making early settlement offers.
uncertain
it → mi → offers
The Financial Conduct Authority (FCA) said this could mean some people get money sooner.
uncertain
people → say → money
Parts of its redress scheme are suspended as it faces legal challenges in court, with the case due to go ahead in February and a judgment and any payments expected months after that.
asserted
case → suspend → that
It means that, until the court case concludes, lenders are not expected to pay compensation to people owed money under the scheme.
But the regulator said it would welcome firms offering payments to consumers owed compensation on some car finance agreements during this period.
asserted
firms → mean → period
The offer would have to match or be more than the amount people would receive under the FCA scheme.
asserted
people → have → scheme
Barclays confirmed it was offering payments to some customers who have previously complained about the commission on their motor finance agreement.
asserted
who → confirm → agreement
Consumers would have a month to accept or reject the offer.
asserted
Consumers → have → offer
The lender, which exited the motor finance market several years ago, previously set aside around £325 million to cover the potential costs related to historical mis-selling.
asserted
which → exit → selling
A Barclays Partner Finance spokesperson said: “We recognise that some customers have already faced a considerable wait for an outcome on their motor finance complaints.
asserted
customers → say → complaints
“By making these early settlement offers, we are giving some customers the option of receiving redress sooner, rather than waiting for the legal challenges and any subsequent FCA action to conclude.”
asserted
challenges → make → redress
Stephen Braviner Roman, the FCA’s general counsel, said it was clear that people “want the choice” to get money sooner.
asserted
people → say → money
“Anyone who wants to wait can, and there’s no obligation to agree to the offer,” he said.
asserted
he → want → offer
“We’ll closely monitor firms making offers and expect them to be clear what accepting an offer means.”
asserted
accepting → monitor → offer
A spokesperson for the Financing and Leasing Association (FLA) cautioned that settlement offers do not necessarily “remove the dilemma facing lenders”.
“On the one hand, delaying payments until the legal issues are resolved means customers who have suffered harm may have to wait longer for redress,” they said.
uncertain
they → caution → redress
“On the other hand, rushing to settlement risks consumers receiving an outcome that may not reflect the final position once the ongoing legal challenges have been determined.”
uncertain
challenges → rush → position
The FLA said it “wants to see consumers receive the fairest outcome in as timely a way as possible”.
asserted
consumers → say → way
The Aporia
