Category: MisSelling

  • Lloyds CEO applauds Treasury move to tackle motor finance mis-selling

    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…

  • Barclays faces blow over car finance mis-selling as court upholds ombudsman ruling

    Barclays has lost a pivotal legal challenge that strengthens the hand of car finance customers seeking damages for mis-sold loans. In a ruling with far-reaching implications for UK lenders, the High Court has rejected a bank judicial review of a Financial Ombudsman Service (FOS) decision, potentially opening the door to…

  • Landmark Court of Appeal Ruling Promises £21bn Payout for Motor Finance Mis-Selling Victims

    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…