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Lloyds not challenging redress scheme

Not sure if anyone has seen this but it appears Lloyds will not be challenging the FCA redress scheme.

It was reported on the FT and quoted elsewhere.

"We have carefully considered the FCA motor finance redress scheme. While we remain disappointed in and disagree with its conclusions, we believe that moving forward with the scheme is now the right step for our customers and shareholders," a Lloyds spokesperson said in an emailed statement.

Hopefully they'll start contacting people in due course.

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