Supreme court ruling ends 18-month saga over whether or not lenders hid finance commission rates

Blow for consumers as supreme court hands partial win to car finance firms over loans

The supreme court has partly overturned an earlier ruling on the car finance commission scandal – seemingly granting UK banks a reprieve and potentially limiting compensation payouts to those consumers whose cases are more serious.

We explain what this means for car buyers, whether anyone should expect compensation, and what the next steps are.

Continue reading…UK supreme court, Financial Conduct Authority, Financial sector, Banking, Motoring, Automotive industry, Consumer affairs, Consumer rights, Law, Money, Business, UK newsRead More

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