Millions of drivers to miss out on compensation after UK’s highest court sides with finance companies

Car loan scandal: what the supreme court ruling means for UK motorists

Millions of drivers will miss out on compensation after the supreme court spared lenders a potential £44bn bill for hidden commission payments in car finance contracts.

In a blow to consumers, the UK’s highest court sided with finance companies in a challenge to last October’s shock ruling by the appeal court that found commission payments paid by buyers to car dealers were unlawful.

Continue reading…UK supreme court, Law, UK news, Motoring, Financial sector, Banking, Consumer rights, Consumer affairs, Business, Money, Automotive industryRead More

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