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Sunday March 9, 2025

Major update to car finance compensation claims as Barclays and Lloyds Bank sets aside £1.29billion

Lloyds Banking Group has revealed it has set aside another £700million for potential compensation relating to motor finance commission arrangements this morning. The bank said the provision – taken in...

Sunday March 9, 2025

Mis-sold PCP car finance investigation: Outcome delayed until December 2025

The Financial Conduct Authority (FCA) has announced it has extended its review period for mis-sold personal contract purchase (PCP) loans until December 2025. This means any decision on compensation will...

Sunday March 9, 2025

The Court of Appeal has opened the door to billions of pounds worth of claims for mis-sold motor finance

The Court of Appeal has opened the door to billions of pounds worth of claims for mis-sold motor finance after finding dealers in breach of their fiduciary duty to customers....

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