Category: MisSelling
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Lloyds CEO applauds Treasury move to tackle motor finance mis-selling
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Charlie Nan, CEO of Lloyds Banking Group, welcomed the government’s decision to interfere in the issue of poor sale of historical cars financing, and expressed his hope that this will help in achieving clarity in an industry that is subject to legal and regulatory pressure. His comments following the Ministry…
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Landmark Court of Appeal Ruling Promises £21bn Payout for Motor Finance Mis-Selling Victims
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In a groundbreaking victory for consumer rights, the Court of Appeals ruled in favor of the plaintiff in Johnson v. Firststrand Bank, setting a historic precedent in the auto finance industry. The ruling, upheld by Sentinel Legal and HD Law, holds lenders liable for the mis-selling of personal contract purchase…