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Car Finance Scandal Shocker Millions May Get Just £700 Each After FCA Ruling

Regulator says £8.2bn in payouts likely but many motorists fear shortfall

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Car Finance Scandal Payouts Average £700 FCA Confirms £8.2bn Compensation
“Millions of UK motorists are set to receive payouts averaging £700 after the FCA exposed widespread mis-selling in car finance agreements.”

For nearly two decades, millions of UK motorists may have unknowingly signed unfair car finance deals. Now, the Financial Conduct Authority (FCA) has confirmed that compensation is on the way—but the average payout could be far lower than many expected.

The FCA revealed that around 14 million motor finance agreements signed between April 2007 and November 2024 will be reviewed, with an estimated £8.2bn in compensation. However, instead of the previously suggested £950 per claim, the watchdog now says drivers can expect around £700 on average per deal.

“This is about fairness. Customers deserve proper compensation,” said Nikhil Rathi, the FCA’s Chief Executive.


What Went Wrong With Car Finance?

The scandal revolves around discretionary commission arrangements (DCAs)—a system that allowed car dealers to earn higher commissions when they arranged loans at higher interest rates for customers. These commissions were often undisclosed, leaving buyers unknowingly paying thousands more.

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The FCA banned DCAs in 2021, but its investigation uncovered widespread mis-selling practices dating back to 2007. The review also flagged other unfair practices, including inflated contracts and misleading information given to buyers.


Who Is Eligible For Compensation?

The FCA estimates that 44% of all motor finance agreements since 2007 are affected. Under the new scheme:

  • Lenders will contact drivers who already lodged complaints.
  • Those who complained earlier may receive payouts faster.
  • Drivers who never complained will be contacted within six months of the scheme’s launch and asked to opt in.
  • Consumers not directly contacted will still have up to a year to make a claim.

Importantly, motorists do not need to use claims management companies, which often take large cuts of compensation. The FCA has already shut down over 700 misleading adverts from such firms.


Industry Pushback

While the FCA says its plan strikes a “fair balance,” not everyone agrees.

Adrian Dally of the Finance and Leasing Association argued that the regulator is “overcompensating,” suggesting that the scale of losses outlined by the FCA was “implausibly high.”

Meanwhile, consumer rights advocates say the £700 average payout may fall short of the financial harm many families experienced. David Bott, senior partner at Bott and Co, warned:

“The true measure of success will be whether this scheme delivers meaningful compensation that reflects the real harm consumers suffered.”

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Lessons From PPI

The car finance scandal is drawing comparisons to the infamous Payment Protection Insurance (PPI) mis-selling fiasco, which saw UK banks pay out over £38bn in compensation. But unlike PPI, the FCA has said that interest on redress in this scheme will be much lower, potentially reducing final payouts further.


What Happens Next?

Motorists will need to wait for the scheme’s official rollout. The FCA insists the process will be free and transparent, but consumers still have the option to pursue legal action if they believe the FCA’s payouts do not cover their losses.

With two million cars sold on finance every year, the scandal highlights just how deeply flawed commission-based arrangements had become. For now, Britain’s drivers may have to settle for a payout that feels smaller than expected—but one that finally acknowledges years of unfair treatment.
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What’s Still Open on Christmas Eve 2025? The Stores, Restaurants and Major Chains Americans Are Rushing To

From last-minute groceries to fast food fixes and gift shopping, here’s who’s open on December 24 — and who’s closing early

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What’s Open on Christmas Eve 2025? Store Hours, Restaurants and Retail Chains Explained
Shoppers rush to grocery stores and retailers across the U.S. on Christmas Eve as many chains operate with reduced hours

Christmas Eve has quietly become one of America’s busiest shopping and dining days. As millions prepare for December 25 celebrations, another holiday ritual unfolds — the last-minute dash for groceries, gifts, prescriptions, or a quick bite before stores shutter early.

In 2025, most major retailers, grocery chains, and restaurants are open on Christmas Eve, though many are operating on reduced or special hours. Planning ahead matters, especially as closing times vary widely by location.

Here’s a clear, category-by-category breakdown of what’s open on December 24, 2025, across the U.S.


Grocery Stores Open on Christmas Eve 2025

If you’re missing ingredients for dinner or dessert, these grocery chains are welcoming customers — but not all day.

  • Aldi — Open, most locations closing around 4 p.m.
  • Food Lion — Open until 7 p.m.; pharmacies from 9 a.m. to 3 p.m.
  • Stop & Shop — Open until 6 p.m.
  • Trader Joe’s — Open, closing at 5 p.m.
  • Wegmans — Closing at 6 p.m.
  • Whole Foods — Regular opening, closing at 7 p.m.

Tip: Many stores stop restocking shelves hours before closing — earlier visits are safer.


Drugstores Open on Christmas Eve

Pharmacies remain essential stops for holiday travelers and families.

  • CVS Pharmacy — Open, though hours vary by location
  • Walgreens — Open; pharmacy hours may differ from retail hours

Fast-Food Chains & Restaurants Open on Christmas Eve

Hungry during the holiday scramble? You have options.

  • Applebee’s — Select locations open
  • Chick‑fil‑A — Open Christmas Eve (closed Dec 25)
  • Burger King — Open at most locations
  • Dunkin’ — Open, hours vary
  • IHOP — Open
  • McDonald’s — Open, location-based hours
  • Taco Bell — Open
  • Starbucks — Many stores open, reduced hours

Domino’s stores are not required to open — customers should check local listings.

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Mail, USPS, UPS: Are Deliveries Running?

Yes — with exceptions.

  • United States Postal Service locations are open
  • Mail delivery runs except Priority Mail Express
  • Blue collection boxes will be picked up December 24
  • UPS will deliver packages, though pickup schedules vary

Last-Minute Gift Shopping: Retailers Open on Christmas Eve

Most major retailers are open — but many close early.

  • Best Buy8 a.m. to 7 p.m.
  • Costco — Open
  • Dollar General — Many open until 10 p.m.
  • Home Depot — Closing at 5 p.m.
  • HomeGoods, Marshalls, T.J. Maxx, Sierra7 a.m. to 6 p.m.
  • IKEA — Closing early (varies by location)
  • JCPenney — Opens 9 a.m., closing varies
  • Kohl’s7 a.m. to 7 p.m.
  • Macy’s8 a.m. to 7 p.m.
  • Michaels7 a.m. to 6 p.m.
  • Petco — Most close at 7 p.m.
  • Target7 a.m. to 8 p.m.
  • Walmart6 a.m. to 6 p.m.

Is the Stock Market Open on Christmas Eve?

Yes — but only for a short session.

U.S. stock markets are open on December 24, closing early at 1 p.m. ET, instead of the usual 4 p.m.


The Bottom Line

Christmas Eve 2025 remains one of the most active retail days of the year — but timing is everything. Many stores close earlier than usual, and some services scale back well before evening.

If you’re heading out on December 24, check local hours first, plan efficiently, and don’t wait until nightfall — the doors may already be locked.

For more Update- DAILY GLOBAL DIARY

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Netflix Chiefs Walk the Warner Bros. Lot… A Power Move After Paramount Skydance’s Bid Is Rejected

As Warner Bros. Discovery shuts the door on Paramount Skydance, David Zaslav rolls out the red carpet for Netflix’s Ted Sarandos and Greg Peters

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Netflix CEOs Visit Warner Bros. Lot as WBD Rejects Paramount Skydance Bid
David Zaslav tours the Warner Bros. Studio lot with Netflix co-CEOs Ted Sarandos and Greg Peters in Burbank.

In Hollywood, timing is rarely accidental — and neither are photo ops.

On the very same day that Warner Bros. Discovery’s board officially rejected Paramount Skydance’s hostile bid, WBD CEO David Zaslav made a conspicuously public statement about where his company’s future may be headed.

Zaslav welcomed Netflix co-CEOs Ted Sarandos and Greg Peters to the iconic Warner Bros. Studio lot in Burbank — a visit documented through a series of carefully released images that quickly caught the industry’s attention.

The message was subtle in tone but loud in implication.

A Walk Through Hollywood History

Photos released by WBD on Wednesday show Zaslav strolling alongside Sarandos and Peters across the legendary studio grounds, including a stop in front of the instantly recognizable Warner Bros. Water Tower — a symbol of nearly a century of film and television history.

Officially, the visit was described as a meeting between Netflix leadership and executives at the studio. Unofficially, it read as a public endorsement of Netflix’s vision — and perhaps, its wallet.

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Just weeks earlier, on December 5, Netflix had its $82.7 billion bid for WBD’s streaming and studios division accepted. That division includes crown-jewel assets such as Warner Bros. Pictures, HBO, HBO Max, and DC Studios.

Why the Paramount Skydance Bid Fell Flat

Earlier that same day, WBD’s board formally rejected the hostile takeover attempt from Paramount Global and Skydance Media — a move that insiders say reflected both strategic concerns and cultural misalignment.

While Paramount Skydance’s offer aimed to consolidate legacy media power, Netflix’s proposal centers squarely on streaming dominance, global scale, and technology-driven growth — areas where the streamer has already proven its reach.

By opening the gates of the Warner Bros. lot to Netflix’s top brass, Zaslav appeared to signal not just preference, but confidence in where the deal is heading.

A Not-So-Quiet Signal to Hollywood

Hollywood executives are well aware that studio tours are rarely casual affairs. Allowing Sarandos and Peters to be photographed on the lot — especially amid active acquisition talks — sends a clear signal to investors, talent, and competitors alike.

Netflix CEOs Visit Warner Bros. Lot as WBD Rejects Paramount Skydance Bid


It suggests continuity rather than disruption. Legacy rather than liquidation.

Netflix, long viewed as the industry disruptor, has increasingly positioned itself as a studio caretaker, not just a streaming platform. The Warner Bros. assets would give Netflix unprecedented access to intellectual property, prestige brands, and theatrical infrastructure.

For Zaslav, the optics matter. In an industry still grappling with streaming losses, debt pressure, and shifting audience habits, stability — or at least the appearance of it — can be as valuable as the deal itself.

What Happens Next

While regulatory approvals and shareholder reactions still loom, the visit underscores a reality that few in Hollywood now ignore: the battle for the future of legacy studios is being fought not behind closed doors, but in plain sight.

And sometimes, a walk past a water tower says more than a press release ever could.

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From DVSA to AI fleets… key leadership moves reshaping transport, automotive and tech sectors this week

New appointments at DVSA, Aion Auto, Microlise, Leasing Options, Motive, and GRS Fleet Graphics signal a busy end to 2025 for industry leadership

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Industry Jobs Round-Up: DVSA, Aion Auto, Microlise and Motive Appointments
Industry leaders appointed this week as organisations prepare for major operational and market challenges in 2026

It has been a decisive week for leadership across the UK’s transport, automotive, logistics and AI technology sectors, with a series of high-profile appointments aimed at tackling long-standing challenges and preparing businesses for rapid growth in 2026.

From clearing driving test backlogs to launching new car brands and scaling AI-powered fleet platforms, these moves underline how talent and experience are becoming central to operational reform.


New DVSA chief tasked with tackling driving test backlog

The Driver and Vehicle Standards Agency (DVSA) has confirmed Beverley Warmington as its new Chief Executive, effective January 5, 2026. She takes over from Loveday Ryder, who has led the agency since 2021.

Warmington arrives at a critical moment, with learner drivers across the UK facing prolonged test waiting times that have affected employment and mobility. She brings nearly 20 years of public service experience, most recently as Area Director for London, Essex and Eastern England at the Department for Work and Pensions (DWP), where she oversaw operations involving more than 12,000 staff.

UK Roads and Buses Minister Simon Lightwood praised the appointment, saying Warmington has the operational leadership needed to “grip the driving test backlog” and ensure reforms translate into faster, safer access to driving tests.

DVSA


Aion Auto strengthens UK launch plans with senior marketing hire

As Aion Auto gears up for its UK market entry in 2026, the brand has appointed Alex Key as Marketing Director, reporting directly to Managing Director Jon Wakefield.

Key brings more than two decades of automotive marketing experience, having previously held senior roles at Honda, BMW Group, MINI, and Suzuki GB. Her recent work included helping steer Suzuki through a major rebrand and its first electric vehicle launch.

Wakefield said her ability to shape brand identity will be “pivotal” as Aion prepares to introduce itself to UK consumers in an increasingly competitive EV market.

Aion Auto


Microlise appoints new CTO to drive logistics innovation

Transport technology specialist Microlise has named Dean Garvey-North as its new Chief Technology Officer, succeeding Duncan McCreadie, who retires after a decade with the company.

Garvey-North brings senior digital leadership experience from the utilities sector and management consultancy. He is also a member of Gartner’s CIO community and a contributor to the Forbes CIO Technology Council.

Microlise CEO Nadeem Raza said the appointment reinforces the company’s ambition to remain the UK’s most trusted name in transport technology, particularly as logistics firms push for efficiency, sustainability and smarter data-driven operations.

Microlise

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Leasing Options promotes Danielle Jones to head of marketing

Manchester-based vehicle leasing firm Leasing Options has promoted Danielle Jones to Head of Marketing, recognising her role in a major transformation of the brand’s digital and customer strategy.

Since joining in 2024, Jones has led a rebrand, rolled out new TV and audio campaigns, and overhauled email marketing with redesigned customer journeys. In her expanded role, she will oversee all marketing, lead generation, social media and PR activity.

Chief Operating Officer Mike Thompson described the promotion as a “natural next step” aligned with the company’s long-term growth ambitions.

Leasing Options


Motive adds AI heavyweight to board

AI-powered operations platform Motive has appointed Adeyemi Ajao to its Board of Directors, strengthening its leadership as it scales internationally.

Ajao is the co-founder and managing partner of Base10 Partners, a venture capital firm focused on technology transforming the real economy. Motive CEO Shoaib Makani said Ajao’s experience as a founder and investor will help translate AI innovation into durable enterprise value.


GRS Fleet Graphics appoints operating partner to support growth

GRS Fleet Graphics has appointed James Hopkins as Operating Partner, a move designed to strengthen operational capability across both GRS and Epic Media Group.

Hopkins brings extensive experience across automotive operations, fleet management, telematics and B2B services. General Manager Martin Tyrrell said his leadership will be key as the business continues to scale and serve mid-size and large fleets across public and private sectors.


A clear trend heading into 2026

Taken together, these appointments point to a wider trend: organisations across transport, automotive and logistics are investing heavily in experienced leadership to modernise services, deploy AI, and improve customer outcomes.

As 2026 approaches, these executives will be under close watch — not just for strategy, but for execution.

For more Update – DAILY GLOBAL DIARY

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