Car finance mis-selling payout scheme could be worth billions
Source: BBC
A compensation scheme for drivers over the mis-selling of car loans could cost as much as £18bn, the financial regulator has said.The Supreme Court ruled on Friday that hidden commissions from lenders to dealers on car loans were not unlawful, meaning millions of motorists will not be able to claim.However, the judgement left open the possibility of compensation claims for particularly large commissions which the…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC