Tag: finance
Millions of drivers could receive £700 payout over car finance mis-selling scandal
Millions of victims of car finance mis-selling could receive less compensation than previously estimated, under plans from the regulator. The Financial Conduct Authority (FCA) said payouts could result from 14 million motor finance agreements between April 2007 and November 2024. The regulator previously suggested motorists could receive less than £950 per deal, but it now…
Victims of mis-sold car finance could get less than £950 per deal
Victims of car finance mis-selling will likely get less than £950 per deal under a compensation scheme proposed by the financial regulator, with the first payouts expected next year. The Supreme Court ruled on Friday that hidden commissions from lenders to dealers on car loans were not unlawful, meaning millions of motorists will not be…
Millions denied car finance payouts after Supreme Court ruling
Millions of motorists will not be able to claim compensation for hidden commissions paid on car loans following a Supreme Court ruling. The UK’s highest court sided with finance companies in two out of three crucial test cases focusing on commission payments made by banks and other lenders to car dealers. The decision reversed earlier…
High-rise, high expectations: is Casablanca’s finance hub a model for African development?
Morocco’s commercial centre has brought investment to the continent – but critics say it masks domestic inequality For centuries, Casablanca was a significant trading hub for merchants from across the breadth of the Atlantic coast, given its geographical position between Africa, the Middle East and Europe. These days, Morocco’s economic capital is merging those historical…