<ul><li>Consumers are at risk of losing £1bn of compensation over inflated car loans due to data deletion by high street banks and specialist lenders.</li><li>The Financial Conduct Authority (FCA) ordered firms to stop deleting car finance documents, but data related to contracts ended more than six years ago may have already been lost.</li><li>Courmacs Legal warns that 465,000 consumer complaints could result in a loss of £1.18bn in compensation, with concerns raised about missing out on payouts.</li><li>The car loans scandal has escalated, with potential compensation costs of up to £44bn for lenders, and uncertainties persist regarding how data deletion issues and compensation will be addressed.</li></ul>

About £1bn in car loan compensation at risk because data deleted, lawyers warn

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