FCA says motor finance compensation ruling ‘goes too far’ as lenders face £44bn claims risk
The Financial Conduct Authority (FCA) has warned that a Court of Appeal ruling at the heart of the UK’s motor finance commission scandal risks legal overreach and “goes too far”, as lenders face potential compensation claims of up to £44 billion.
Lawyers and lenders agog as Supreme Court hears motor finance case
All eyes are on the Supreme Court this morning as it begins a three-day hearing on motor finance commissions that could open up or close down a major new source of legal work.
Car finance ruling over ‘secret’ commission that could trigger thousands in compensation payments for motorists ‘goes too far’
A court ruling which could leave motorists being owed compensation over their car finance arrangements ‘goes too far’, the UK’s financial watchdog has told the Supreme Court.
Car finance compensation mapped: See how much your claim is worth as millions could be due payouts
One Blackburn-based law firm, Courmacs Legal, says they are now working on over two million car finance cases – but there are still thousands more cases out there
