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448 UK Supreme Court Gives Banks Partial Win on Car Finance Commissions

Slashdot
msmash @ Slashdot · 08/01/2025 12:02 EDT

UK Supreme Court Gives Banks Partial Win on Car Finance Commissions

Financial Times: The UK's highest court has partially overturned a landmark motor finance judgment that threatened to leave banks on the hook for tens of billions of pounds in compensation for allegedly deceiving consumers with hidden commissions on car loans.

The Supreme Court's decision has been keenly awaited by investors as well as millions of consumers who were poised to claim redress from the banks. The government has been considering legislation to limit the fallout. The controversy over car financ

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