US EditionCar finance case could spark billions in driver payouts
- A Court of Appeal ruling declared that hidden commission payments to car dealers are unlawful, affecting many consumers.
- Lenders have set aside significant funds for potential compensation to customers due to this ruling.
- The Supreme Court will review this matter, with a decision expected to impact future cases nationwide.
- If the Supreme Court agrees, compensation could reach tens of billions of pounds.
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Car finance scandal could see British drivers miss out on billions in compensation as proposals 'go too far'
Millions of drivers could lose out on compensation following a ruling that motor dealer brokers "don't typically owe fiduciary duties to consumers". It comes as one of the largest Court of Appeal cases launches today, which could see drivers given fair compensation following a major car finance scandal.The case challenges a Court of Appeal ruling from October last year that found "secret" commission payments to car dealers were "unlawful". Two l…
·London, United Kingdom
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Total News Sources58
Leaning Left8Leaning Right15Center9Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 25%
C 28%
R 47%
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