Lloyds CEO applauds Treasury move to tackle motor finance mis-sellingThe government's intervention in a car finance mis-selling case aims to bring clarity and avert potential financial turmoil in the motor finance market.
Claims firms rally for a PPI-style windfall as car finance scandal deepensA recent court ruling threatens to unleash a wave of compensation claims in the motor finance industry, echoing past PPI scandal implications.
Treasury intervenes in car finance row as billions in compensation hang in the balanceThe Treasury is seeking to influence a Supreme Court case that may significantly affect Britain's motor finance industry and compensation liabilities.
Could motor finance become the next PPI scandal?The UK's motor finance industry may face a crisis similar to the PPI scandal following a court ruling on undisclosed commissions.
Claims firms rally for a PPI-style windfall as car finance scandal deepensA recent court ruling threatens to unleash a wave of compensation claims in the motor finance industry, echoing past PPI scandal implications.
Treasury intervenes in car finance row as billions in compensation hang in the balanceThe Treasury is seeking to influence a Supreme Court case that may significantly affect Britain's motor finance industry and compensation liabilities.
Could motor finance become the next PPI scandal?The UK's motor finance industry may face a crisis similar to the PPI scandal following a court ruling on undisclosed commissions.
Moody's warns car finance scandal could cost lenders 30bnMis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.
Car finance complaints widened to cover leasing deals, giving lenders more time to respondThe FCA extends the complaints deadline to December 2025, now including leasing agreements alongside traditional car finance.
Moody's warns car finance scandal could cost lenders 30bnMis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.
Car finance complaints widened to cover leasing deals, giving lenders more time to respondThe FCA extends the complaints deadline to December 2025, now including leasing agreements alongside traditional car finance.
BMW sets aside 70m for potential motor finance commission payouts as industry braces for billionsBMW sets aside over £70 million for potential compensation claims regarding controversial commission practices, reflecting heightened industry scrutiny and regulatory changes.
Landmark Court of Appeal Ruling Promises 21bn Payout for Motor Finance Mis-Selling VictimsCourt of Appeal ruling holds lenders accountable for mis-selling PCP finance agreements, requiring transparency and potentially returning £21 billion to consumers.