Martin Lewis reveals who must be compensated by the financing of cars – and how much they will get | Money news Aitrend

Martin Lewis reveals who must be compensated by the financing of cars – and how much they will get | Money news

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Martin Lewis claims that motorists who were poorly sold, the financing of cars are likely to receive “hundreds, not thousands of books” – with regulators launching a consultation on a new remuneration system. The founder of MoneysAvongexpert.com believes that it is “very likely” that around 40% of British who concluded agreements to buy or buy … Read more

The FCA is considering a remuneration regime on the cars’ financing scandal – Reasoning of payment hopes for motorists | Money news Aitrend

The FCA is considering a remuneration regime on the cars’ financing scandal – Reasoning of payment hopes for motorists | Money news

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Thousands of motorists who bought cars in finance before 2021 could be set for payments, as the Financial Conduct Authority (FCA) said that it would consult a remuneration plan. In a statement published on Sunday, the FCA said that its examination of the previous use of automotive financing “showed that many companies did not comply … Read more

Rules of the Supreme Court in favor of lenders in the automotive financing case – as a couple to motorists | Money news Aitrend

Rules of the Supreme Court in favor of lenders in the automotive financing case – as a couple to motorists | Money news

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British banks and lenders were spared a huge bill because the Supreme Court has canceled a decision that could have noted that millions of motorists had to compensate for the funding of poorly sold cars. However, the court has arranged on the side of one of the applicants, Marcus Johnson, and awarded him individual compensation … Read more

What is the automotive financing scandal – and what could the decision today for motorists could mean? | Money news Aitrend

What is the automotive financing scandal – and what could the decision today for motorists could mean? | Money news

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The Supreme Court of the United Kingdom is expected to render a historic decision today which could have one billion pounds for banks and have an impact on millions of motorists. The essential question to which the country’s superior court was invited to answer is: should customers be fully informed of the concessionaires of the … Read more