The UK’s car finance sector has been spared a financial earthquake after a Supreme Court judgment reduced the potential compensation bill facing lenders and dealers. The decision on a long-running
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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
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
The FTSE 250 lender Close Brothers has announced it will set aside up to £165 million in its first half to address potential legal and compensation costs amid the growing
The UK government’s Treasury department has made an unprecedented move to intervene in a Supreme Court case concerning car finance misselling, sparking optimism that the industry might avoid paying out
In a significant blow to the UK banking sector, Barclays has announced plans to appeal after losing a crucial High Court case concerning car loan commissions. The ruling threatens to
