Fears car buyers' compensation payouts could be delayed

Quick Summary:

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

The three judges unanimously agreed that it would be illegal for the lender to pay any commission to the dealer without the informed consent of the buyer.

Regulators want to give more time to car dealers potentially facing a deluge of claims for mis-sold finance agreements.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Agreements Commission Pounds Decision Time Finance Dealers Compensation Court Paid

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 15:19:28 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 746 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 23572839

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #43

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