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Billions at stake as UK car-finance challenge arrives at Supreme Court

By Sofia Gerace ( March 31, 2025, 14:12 GMT | Comment) -- The future of the UK car finance industry is at stake this week with a three-day hearing of the country's highest court from tomorrow. Judges are tasked with examining whether commissions paid by lenders to dealers without customers' consent are unlawful, as the Court of Appeal ruled last year. If they uphold that finding, car finance businesses would end up subject to a new fiduciary duty and on the hook to compensate millions of consumers.UK car finance lenders tomorrow get a last shot at fending off the threat of exposure to compensation demands that could run to tens of billions of pounds....

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