Judgment Day: the Supreme Court is set to deliver its long-awaited ruling in the car finance commission cases this Friday – not at the usual 9.45am, but at the highly irregular time of 4.35pm.
Mercedes claims reopen mid March 2025.
Who can claim?
Owned: Sept 2009 – 2018
Manufactured: Sept 2009 – 2018
Judges at the supreme court rejected the chancellor’s application, lodged last month, in which she urged them to avoid handing “windfall” compensation to borrowers….
Renault claims open mid March 2025.
Who can claim?
Owned: Sept 2009 – 2018
Manufactured: Sept 2009 – 2018
NISSAN claims open mid March 2025.
Who can claim?
Owned: Sept 2009 – 2018
Manufactured: Sept 2009 – 2018
The chancellor, Rachel Reeves, has launched a bid to intervene in a supreme court hearing in the car finance commission scandal that could reduce the £30bn-plus compensation bill lenders currently face.
New Judgment gives the opinion that it is/was unlawful for car dealers to accept commissions from lenders without obtaining informed customer consent.
Shares in Lloyds Banking Group and Close Brothers slid further on Monday after a landmark London court ruling that could expose motor finance providers to billions of pounds in extra compensation.
The Court of Appeal has ruled that a broker could not lawfully receive a commission from the lender without obtaining the customer’s fully informed consent to the payment.
Volkswagen has agreed to pay £193m to settle 91,000 legal claims in England and Wales linked to the “dieselgate” emissions scandal that rocked the German carmaker.
Claimants to receive more than £2,100 each after joining legal action against carmaker