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Lloyds will not take legal action against Britain's car finance redress scheme

Refiles to attribute headline to the FT

April 10 (Reuters) - Lloyds Banking Group LLOY.L has decided not to launch a legal challenge against the British financial regulator's 9.1 billion pound ($12.25 billion) car finance redress scheme, the Financial Times reported on Friday.

($1 = 0.7427 pounds)

 (Reporting by Preetika Parashuraman in Bengaluru)

 ((Preetika.Parashuraman@thomsonreuters.com;))

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