Car finance scandal: LLoyds earmarks £1.2bn for potential payouts
Source: BBC
Lloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to £1.2bn, knocking its profits for the year.It is setting aside an extra £700m to cover potential compensation payments, on top of £450m earmarked earlier.Lloyds, and other providers of finance for car loans, are under fire for not being clear enough over commission paid to car dealers, with…
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