Car finance market in chaos after shock court ruling: Lenders pause vehicle loans following Court of...

  • 📰 DailyMailUK
  • ⏱ Reading Time:
  • 19 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Dailymail 뉴스

News

It comes after three complainants won their Court of Appeal battle, saying they were mis-sold motor finance.

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 7. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인