The car finance market is in chaos after a shock court ruling left banks and lenders scrambling to save it from collapse.
They ruled that 'a broker could not lawfully receive a commission from a lender without obtaining the customer's fully informed consent to the payment', CityAM reports. Pictured: File photo One senior car dealer told CarDealer it could wreck 'financial Armageddon' for those who are reliant on their commissions if the issues are not quickly tackled.
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