The Financial Conduct Authority may have to extend its long-running probe into motor finance practices after Barclays Plc filed a legal challenge to a decision tied to the matter by the UK’s ombudsman for consumers with financial complaints.
The watchdog is still aiming to wrap up the initial stages of its review by September, according to a person familiar with the matter. But Barclays’ request for Judicial Review could force the FCA to extend its investigation, the person said, asking not to be identified discussing non-public information.