FCA chief executive Nikhil Rathi appeared on ITV’s popular peak time programme The Martin Lewis Money Show last night to answer questions on a number of subjects including car finance claims.

Mr Rathi appeared on the show to take live questions on car finance miss-selling issues.

The FCA has come under pressure in recent months over its investigation into car finance commission payments.

A landmark ruling in October determined that paying commission to the car dealers who had arranged the loans without disclosing the sum and terms of the commission to borrowers was unlawful.

The judgement opened the door to more consumer claims around car finance beyond the FCA’s own investigation into discretionary commission arrangements (DCAs), banned by the regulator in 2021.

Viewers had a mixed reaction to Mr Rathi’s performance on social media platform X (formerly known as Twitter).

While one viewer described his answers as “a bag of bureaucracy”, others said his appearance on the show taking live questions was brave and accused Mr Lewis of being “a bit harsh on him when he was there to help.”

Mr Lewis thanked Mr Rathi for appearing on the programme and answering questions live.

He claimed that no other regulator or politician has agreed to do that on his show and applauded Mr Rathi for appearing.