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
UK Government Intervention Limits Car Finance Mis-selling Payouts, Boosting Lender Shares
The UK Treasury is seeking to limit compensation payouts in a multi-billion pound car finance mis-selling case, causing shares in affected lenders to rise sharply, despite the potential for industry disruption.
UK Government Intervention Limits Car Finance Mis-selling Payouts, Boosting Lender Shares
The UK Treasury is seeking to limit compensation payouts in a multi-billion pound car finance mis-selling case, causing shares in affected lenders to rise sharply, despite the potential for industry disruption.
Progress
48% Bias Score
£28 Billion Motor Finance Mis-selling Compensation Bill Looms
The Court of Appeal's ruling on unlawful commission payments in motor finance deals could cost lenders £28 billion in compensation, impacting firms like Lloyds Banking Group (£4.2 billion) and Close Brothers Group (£460 million), with a December 4th deadline for final responses to complaints.
£28 Billion Motor Finance Mis-selling Compensation Bill Looms
The Court of Appeal's ruling on unlawful commission payments in motor finance deals could cost lenders £28 billion in compensation, impacting firms like Lloyds Banking Group (£4.2 billion) and Close Brothers Group (£460 million), with a December 4th deadline for final responses to complaints.
Progress
36% 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
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