Tag

Redress

All articles tagged with #redress

business3 months ago•2 min saved

Lloyds and BMW face billions in costs from car finance scandal

Lloyds Banking Group is reserving nearly £2bn to cover potential compensation claims related to a car finance scandal involving hidden commissions, with the FCA proposing a scheme that could cost lenders up to £8.2bn. The bank expects more claims than initially thought, and the scheme aims to compensate millions of drivers for unfair deals made between 2007 and 2024. Industry and consumer reactions vary, with some lenders increasing provisions and campaigners urging swift action.

via BBC|

#business #car-finance #compensation

sports2 years ago•2 min saved

The Ocean Race: Drama and Focus on Sailing to Genova.

11th Hour Racing Team is working to repair their damaged boat after a collision with GUYOT environnement - Team Europe during leg 7 of The Ocean Race. The team has retired from the leg and filed for redress to secure the points needed to win the overall race. The team is focused on making repairs and sailing to Genova to participate in the Grand Finale. The final standings of the race depend on both on-water performance and any possible Jury award of points to 11th Hour Racing Team via redress.

via The Ocean Race|

#11th-hour-racing-team #genova #redress