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UK car-finance providers pause deals to consider landmark ruling

By Sofia Gerace ( October 30, 2024, 10:55 GMT | Insight) -- Major UK car finance providers have paused their activities following last week's ruling from the UK Court of Appeal, which found that it is unlawful for brokers to receive a commission from lenders without a customer signing off the arrangement. UK car finance providers are pausing their business activities amid uncertainty following a landmark ruling that saw lenders and brokers lose their case against complaints from customers in need of a car loan....

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