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Car finance mis-selling complaints face year's delay

BBC Business LogoBBC Business15h ago

Car finance mis-selling complaints face year's delay - BBC Business

Quick Summary:

Regulators want to give more time to car dealers potentially facing a deluge of mis-selling claims.

Some could come from people previously told they had no claim for compensation because they did not have a discretionary commission arrangement.

He was not informed the car dealership was being paid 25% commission, which was added on to what he had to pay back."I signed a few documents and then drove away in the car," he told the BBC.


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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:32:16 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 791 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23736460

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

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The story "Car finance mis-selling complaints face year's delay" was covered 15 hours ago by BBC Business, a news publisher based in United Kingdom.

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The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day.

It's most recent story was published 13 hours ago.

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  • URL: https://beamstart.com/news/car-finance-mis-selling-complaints-17321913532737

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