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Rachel Reeves risks fury from millions of drivers with ‘outrageous’ car finance scandal decision

Experts are warning Labour that they should be cautious when potentially interfering in the car finance scandal by putting the future of banks over drivers.

28th Jul

GB News

About £1bn in car loan compensation at risk because data deleted, lawyers warn

Lenders’ routine purging after six years means details of some car buyers due compensation may have been lost. Consumers are at risk of losing £1bn of compensation over inflated car loans because high street banks and specialist lenders deleted their data, claims lawyers have warned.

26th May

The Guardian

Supreme Court concludes pivotal hearing on motor finance commissions

Consumer Voice continues to push for transparency and fairness as lenders appeal car finance ruling

7th Apr

Consumers Voice

Car finance compensation: No cap, Blackburn law firm pleads

A Blackburn law firm has urged the Government not to interfere in a ruling on mis-selling of car finance by the highest court in the land.

1st Apr

Lancashire Telegraph

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.

1st Apr

Business Matters

Major car finance scandal blow for drivers after compensation proposal ‘goes too far’

A court of appeal ruling that has left lenders fearing PPI-level compensation bills over the motor finance commission scandal “goes too far” – in a blow to millions of drivers who want compensating for being impacted by the scandal.

1st Apr

Birmingham Live