Millions face financial blow in Supreme Court car finance ruling

Răzvan Botea

Lenders have avoided potentially having to pay compensation to millions of drivers, after the Supreme Court ruled they are not liable for hidden commission payments in car finance schemes, but some motorists may still receive payouts. The UK’s highest court ruled that car dealers did not have a relationship with their customers that would require them to act “altruistically” in the customers’ interest. The decision comes after two lenders, FirstRand Bank and Close Brothers, challenged a Court