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