UK Supreme Court to Decide on Car Finance Compensation and Mega-Scandal
Originally Published 5 months ago — by BBC
The UK's Supreme Court ruled in favor of finance companies in two out of three cases regarding hidden commissions paid on car loans, significantly narrowing the scope for motorists to claim compensation, though some affected drivers may still be eligible for payouts. The decision impacts millions of car buyers and could lead to billions in redress, with the FCA considering a compensation scheme and the industry awaiting further regulatory guidance.