compensate

The Financial Conduct Authority late Tuesday narrowed down the potential range of a program to compensate customers over certain commissions for car loans paid to dealerships following a six-week consultation.

The U.K.’s Financial Conduct Authority earlier this week shared details on a program to compensate customers for the payment of commissions that it deems were unfairly charged on car loans by dealerships.

“We were able to compensate for the challenging conditions in China and the U.S. with partly significant increases in South America and Europe,” said Marco Schubert, member of the group’s extended executive committee for sales.

Legal experts appear to agree on one thing: Even if Rinderknecht is convicted, he cannot possibly compensate the thousands of residents in the affluent coastal neighborhood of Pacific Palisades who lost loved ones and homes.

Fixed-income investors tend to be attracted to junk bonds because of their fat yields, which are much higher than other bonds to compensate for lower credit quality and greater credit risks.