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 أخبار

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 7. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين