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Explainer-Is Britain on the cusp of another multibillion-pound consumer finance scandal?


🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation. The Court of Appeal ruled in October that it was unlawful for lenders to pay commissions to motor dealers without a customer's informed consent, triggering speculation about the nature and scale of possible remedies for affected borrowers. Lloyds Banking Group, Close Brothers and San

Read the Full Reuters Article at:
[ https://www.aol.com/news/explainer-britain-cusp-another-multibillion-060843227.html ]
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