Motorists - Aitrend

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

August 3, 2025 by Aitrend

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

August 1, 2025 by Aitrend

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

August 1, 2025 by Aitrend

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

Motorists seek £38m settlement in maritime cartel claim | Money News Aitrend

December 3, 2024 by Aitrend

Lawyers representing British motorists who had to pay inflated prices to deliver vehicles to the UK have agreed settlements worth £38 million after a years-long battle alleging they were defrauded by a cartel of shipping companies. Sky News understands that Mark McLaren, the representative of the group which filed the complaint, and Scott+Scott, the US … Read more