For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Financial Conduct Authority said it follows a London …
Lenders could be hit with a £30billion bill to cover compensation costs related to the motor finance scandal, ratings agency Moody’s has said. A court ruling recently found that banks must fully inform customers about the existence and size of commissions when selling car loans. The scale of the potential payout would make motor finance mis-selling the most expensive consumer …
A regulatory probe into the historical sale of loans by the UK motor finance industry could mirror the PPI scandal and result in billions of pounds of compensation. Some analysts fear the surprise Financial Conduct Authority review, launched last month, represents a 'powder keg' that threatens the future of the country's motor finance sector. Probe: The Financial Conduct Authority launched …
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Many firms are already working with their customers, but …
