The car finance industry is pushing back against a potential redress scheme for mis-sold car finance agreements, arguing that it would be "impractical." A major trade body claims that many firms and individuals may lack the necessary records dating back to 2007, making it difficult to accurately assess and compensate affected consumers. This lack of historical data poses a significant challenge to implementing a fair and effective redress process. The Financial Conduct Authority (FCA) is currently investigating the issue of discretionary commission arrangements in car finance and is expected to announce its findings soon.