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UK Supreme Court to rule on £44 billion car finance scandal

1 min read
Source: BBC
UK Supreme Court to rule on £44 billion car finance scandal
Photo: BBC
TL;DR

The UK's Supreme Court has ruled against allowing claims for compensation related to hidden commissions in car finance, closing a major legal avenue for millions of motorists, though some claimants remain determined to pursue individual claims and the FCA is considering a compensation scheme.

Topics:worldbusiness#business#car-finance#compensation-claims#mis-selling#regulation#supreme-court
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  1. Car finance judgement 'a hard pill to swallow'  BBC
  2. Chancellor’s attempt to intervene in car finance scandal branded ‘disgraceful’  theguardian.com
  3. Banks brace for key UK Supreme Court ruling on car finance commissions  Reuters
  4. Top UK court to rule on car finance mega-scandal — with billions at stake  CNBC
  5. Relief for banks as Supreme Court curbs £44 billion motor finance case  politico.eu

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