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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 of A

⏱ 1:23 🌐 dailymail.com

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 of Appeal ruling which found "secret" commission payments, paid by buyers to dealers as part of finance arrangements made before 2021, without the motorist's fully informed consent, were unlawful.

β†—https://www.dailymail.com/video/video/video-3486499/Lenders-not-owe-millions-compensation-car-finance-Supreme-Court-rules.html
Lenders not owe millions compensation car finance Supreme Court rules PA Wires
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