Car finance compensation landmark ruling due
209d ago
Business
BBC Business

The UK Supreme Court is poised to deliver a landmark ruling regarding car finance compensation claims. The decision, expected shortly, has the potential to impact millions of drivers who may have been unfairly charged excessive interest or fees on their car loans. If the court rules in favor of the claimants, it could open the floodgates for a wave of compensation claims against car finance companies, potentially costing the industry billions of pounds. The case hinges on whether lenders adequately disclosed commission structures and whether those structures incentivized them to inflate interest rates for consumers.