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Ruling on UK car-finance commissions went 'too far,' top court hears

By Sofia Gerace ( April 1, 2025, 13:19 GMT | Insight) -- UK appeal judges went "too far" when they ruled last year that commissions paid by car finance companies to dealers without customers' consent were unlawful, the financial markets regulator has told the Supreme Court. The FCA is among parties taking part in a hearing of the highest court this week that is set to define the future of the car finance industry. If the court upholds the earlier ruling, it will likely trigger a multibillion-pound redress program.UK appeal judges went "too far" when they ruled last year that commissions paid by car finance companies to dealers without customers' consent were unlawful, the financial markets regulator has told the Supreme Court as a hearing opened that could end up reshaping the UK's car finance landscape. ...

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