FCA

1. Farm Credit Administration.

FCA

abbreviation

1. Fellow of the Institute of Chartered Accountants

Example Sentences

The FCA calculates that 44% of car loans taken out between 2007 and 2024—or 14.2 million agreements—were unfair and are liable for compensation.

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The industry, which had been bracing for a worst-case scenario with potential payouts running into the tens of billions of pounds, was already reassured in August when the FCA estimated that redress costs were likely to land in the middle of a 9 billion-18 billion pound range.

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The FCA has been investigating historical agreements dating back under two decades since early last year.

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“Many motor finance lenders did not comply with the law or the rules,” FCA Chief Executive Nikhil Rathi said.

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The FCA plans to publish the final rules for the redress plan by early 2026 in order to launch the compensation program later next year.

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