Bank of Ireland Reserves €172m for UK Car Finance Mis-selling
Bank of Ireland set aside €172m (£142m) for UK car finance mis-selling compensation following an FCA inquiry into hidden charges, impacting its 2024 profit (€1.9bn) while its UK division showed a 27% profit increase to £303m.
Bank of Ireland Reserves €172m for UK Car Finance Mis-selling
Bank of Ireland set aside €172m (£142m) for UK car finance mis-selling compensation following an FCA inquiry into hidden charges, impacting its 2024 profit (€1.9bn) while its UK division showed a 27% profit increase to £303m.
Progress
28% Bias Score
Millions Owed in UK Car Finance Scandal
Millions of UK motorists who financed car purchases since April 2007 may be owed thousands in compensation due to an FCA investigation into undisclosed commissions used by car dealerships, potentially costing £30 billion.
Millions Owed in UK Car Finance Scandal
Millions of UK motorists who financed car purchases since April 2007 may be owed thousands in compensation due to an FCA investigation into undisclosed commissions used by car dealerships, potentially costing £30 billion.
Progress
52% Bias Score
Supreme Court to Hear Appeal on £30bn Car Loan Commission Case
The UK Supreme Court will hear appeals from two car lenders against a ruling that undisclosed commissions on car loans are unlawful, potentially costing lenders £30bn in compensation.
Supreme Court to Hear Appeal on £30bn Car Loan Commission Case
The UK Supreme Court will hear appeals from two car lenders against a ruling that undisclosed commissions on car loans are unlawful, potentially costing lenders £30bn in compensation.
Progress
36% Bias Score
Lloyds Triples Car Finance Mis-selling Provision to £1.2 Billion
Lloyds Banking Group tripled its provision for a car finance mis-selling scandal to £1.2 billion, impacting its annual profits, while facing a potential Supreme Court ruling in April impacting millions of customers and other lenders.
Lloyds Triples Car Finance Mis-selling Provision to £1.2 Billion
Lloyds Banking Group tripled its provision for a car finance mis-selling scandal to £1.2 billion, impacting its annual profits, while facing a potential Supreme Court ruling in April impacting millions of customers and other lenders.
Progress
40% Bias Score
UK Government Intervenes in £30 Billion Car Finance Mis-selling Case
The UK government is seeking Supreme Court intervention to limit potential £30 billion in compensation payouts to motorists over mis-sold car finance deals, arguing the October ruling could destabilize the motor finance market and impact millions of consumers.
UK Government Intervenes in £30 Billion Car Finance Mis-selling Case
The UK government is seeking Supreme Court intervention to limit potential £30 billion in compensation payouts to motorists over mis-sold car finance deals, arguing the October ruling could destabilize the motor finance market and impact millions of consumers.
Progress
56% Bias Score