A newly emerging scandal in the car finance industry could result in compensation payouts that rival the infamous payment protection insurance (PPI) debacle, according to recent reports. More than 23
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A major upheaval in the UK car finance sector has emerged as Close Brothers, one of Britain’s largest motor finance providers, announced plans to allocate up to £165 million for
Britain’s Santander banking division has reported a substantial 38% drop in annual profits, intensifying speculation about its Spanish parent company’s commitment to the UK market. The high street lender saw
Britain’s car finance industry faces unprecedented turmoil following a landmark Court of Appeal ruling that could trigger massive compensation payouts to consumers. The Financial Conduct Authority’s chief executive, Nikhil Rathi,
British lenders might face a staggering £30 billion compensation bill due to the mounting car finance mis-selling scandal, according to leading credit ratings agency Moody’s. The estimate represents the highest
