The Financial Conduct Authority (FCA) has announced a compensation scheme for consumers mis-sold car loans, with average payouts expected to be around £830. However, a significant group of low-income drivers, specifically those with low-value car finance agreements, are likely to miss out on these payments. Analysis by Slater and Gordon reveals that approximately 1.1 million such agreements will not qualify for compensation due to low commission thresholds set by the FCA. Agreements with commissions below £120 (before April 2014) and £150 (after) are considered fair and excluded from the scheme. This disproportionately affects financially stretched consumers who often borrowed smaller amounts for cheaper vehicles. Elizabeth Comley, COO of Slater and Gordon, emphasized that these drivers are the ones who can least afford to lose out. Additionally, the FCA is facing legal challenges from both consumers and lenders regarding the compensation plans, which could delay payouts for millions. Despite the ongoing legal disputes, the FCA maintains that its scheme is fair and encourages consumers to contact their lenders directly regarding potential compensation.