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News

Millions denied car finance compensation payouts

Reuters on MSN · 1d
British bank shares jump after Supreme Court ruling on car loan claims
Shares in British lenders surged on Monday after a Supreme Court ruling on motor finance claims last week went largely in their favour, although it still left banks facing billions of pounds of potential compensation claims collectively.
BBC · 4d
Millions denied car finance compensation payouts after Supreme Court ruling
In a partial win for lenders, the court rules they're not liable for hidden commission payments in car finance schemes.
The Independent on MSN · 4d
Car loan scandal: What supreme court ruling means for UK motorists
Only one motorist will get compensation after judges found his deal was unfair, while most claims were rejected
The Banker
37m
Smaller UK banks may struggle with FCA motor finance redress scheme
The hedges swap interest rate risk for a fixed margin, and mean banks have remained boosted by net interest margins, which is the difference between the interest charged on loans and paid out on ...
National Law Review
13h
Supreme Court Clarifies Legal Boundaries in Motor Finance Commission Cases
In a landmark decision in Johnson v FirstRand ([2025] UKSC 33), part of the broader Hopcraft appeals, the UK Supreme Court has ruled that car dealers who arrange finance do not owe fiduciary duties to ...

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