Get all your news in one place.

100's of premium titles.
One app.

Start reading

Get all your news in one place.

100's of premium titles. One news app.

Start reading

MYSTERIOUS: 2 - You Need To See This

More than 23m Britons think they may be due compensation for mis-sold car loans, UK poll finds

Survey comes before supreme court decision on secret commission payments ruled unlawful by court of appeal

The Guardian - UK · Jul 6, 2025

About £1bn in car loan compensation at risk because data deleted, lawyers warn

Lenders’ routine purging after six years means details of some car buyers due compensation may have been lost

The Guardian - UK · May 26, 2025

Motor finance compensation ruling ‘goes too far’, says City regulator

Financial Conduct Authority tells supreme court the £44bn bill could spook businesses and threaten UK investment

The Guardian - UK · Apr 1, 2025

From analysis to the latest developments in health,
read the most diverse news in one place.

Banks aim to reverse crunch appeal court victory for car buyers

Fears of a £44bn compensation bill over dealer commissions has prompted a high-profile appeal, which will be heard this week

The Guardian - UK · Mar 29, 2025

FTSE 100 gains as US markets slump ahead of interest rate decisions

The Bank of England and the Federal Reserve are expected to hold interest rates at their respective decisions later this week.

Evening Standard · Mar 18, 2025

Car finance firm Close Brothers slumps to loss after taking £165m hit

Company’s shares plunge as it estimates total costs of £200m this year from motor finance scandal

The Guardian - UK · Mar 18, 2025

Close Brothers falls to £103m loss after big car loan scandal provision

The interim dividend has been axed after the first half fall into the red

Evening Standard · Mar 18, 2025

Read news from The Economist, FT, and more,
with one subscription

Close Brothers swings to loss on motor finance scandal hit

The lender posted a statutory pre-tax loss of £103.8 million for the six months to January 31, against profits of £87 million a year ago.

Evening Standard · Mar 18, 2025

UK lenders face huge car loan payout bill as watchdog moves closer to compensation plan

Potential FCA scheme could mean banks proactively inform borrowers if they were mis-sold car loans

The Guardian - UK · Mar 11, 2025

UK lenders paid car dealers cash upfront that may have led to costlier loans

Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers

The Guardian - UK · Feb 21, 2025

Supreme court judges reject Reeves’ motor finance intervention

Chancellor had sought to prevent lenders caught up in commissions scandal being handed £44bn bill

The Guardian - UK · Feb 17, 2025

FTSE 100 notches another record while US inflation rises

Many of the stock index’s biggest names rose in value on Wednesday, led by insurance group Prudential.

Evening Standard · Feb 12, 2025

Car finance scandal: lender sets aside £165m for possible compensation costs

Estimate by Close Brothers follows ‘thorough assessment’ of court case’s impact on UK vehicle loan industry

The Guardian - UK · Feb 12, 2025

Close Brothers to set aside up to £165m for motor finance scandal

The company is at the centre of a looming crisis facing the motor finance industry, with lenders facing potentially hefty compensation bills.

Evening Standard · Feb 12, 2025

Get all your
news in one place.

100's of premium titles.
One news app.

Evening Standard · Jan 21, 2025

Lloyds and Close Brothers shares surge after Reeves steps in on car finance case

The lenders are two of the biggest players in the car loans sector and could be saddled with billions in combined compensation costs.

The Guardian - UK · Jan 21, 2025

Reeves bids to intervene in car finance case that could cut lenders’ £30bn bill

Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm

Evening Standard · Jan 7, 2025

Close Brothers gets new boss amid looming crisis for car finance industry

Motor finance seller names Mike Morgan, a senior executive at the firm, as its new chief as potential compensation ruling nears.

Evening Standard · Dec 11, 2024

FTSE finishes higher after banking stocks boosted by motor finance appeal

The FTSE 100 finished 21.26 points, or 0.26%, higher to end the day at 8,301.62.

Get all your
news in one place.

100's of premium titles.
One news app.

The Guardian - UK · Dec 11, 2024

Supreme court grants permission for appeal against UK car finance ruling

Two lenders can challenge October decision that undisclosed commission paid to car dealers is unlawful

The Independent UK · Dec 11, 2024

UK’s highest court to hear appeal on car finance mis-selling

Close Brothers has been granted permission to appeal against a landmark ruling in the UK’s Supreme Court.

The Guardian - UK · Dec 10, 2024

Car finance scandal could be as big as PPI, City regulator says

FCA lawyer admits scale of compensation could be larger than first thought, and as big as PPI, which cost banks £50bn

The Guardian - UK · Nov 21, 2024

FCA plans to allow lenders longer to respond to car finance complaints

Firms could get up to a year to respond to mis-selling complaints after shock court ruling last month

The Guardian - UK · Nov 20, 2024

Santander puts aside £295m for car loan mis-selling

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal

The Guardian - UK · Oct 31, 2024

Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

The Guardian - UK · Oct 31, 2024

Could you be entitled to a payout after court ruling on car finance?

After ‘secret’ commissions paid to dealers by lenders were ruled unlawful, billions might be available in compensation

1 2 3

Coverage From

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

the Financial Conduct Authority

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.