Tag:Borrowing & debt

Banking

FCA plans to allow lenders longer to respond to car finance complaints

The City regulator plans to intervene in the car loan mis-selling scandal, in a move that could give lenders up to a year to...

Trustnews - November 21, 2024

Banking

FCA plans to allow lenders longer to respond to complaints over car loan mis-selling

The City regulator plans to intervene in the growing car loan mis-selling scandal in a move that could give lenders up to a year...

Trustnews - November 21, 2024

Banco Santander

Santander puts aside £295m for car loan mis-selling

Santander UK has put aside £295m to cover potential payouts to car loan customers, as the bank issued its first estimate of the financial...

Trustnews - November 20, 2024

Banks and building societies

UK mortgage rates creep up as brokers warn of possible ‘further pain’

The average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrowers could face “further pain”...

Trustnews - November 18, 2024

Automotive industry

Could you be entitled to a payout after court ruling on car finance?

The judgment on “secret” commission payments could have far-reaching implications for lenders, beyond those covered by an continuing investigation by the Financial Conduct Authority...

Trustnews - October 31, 2024

Automotive industry

Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance

Lloyds Banking Group has scrapped commission payments across its £15bn motor finance arm after a landmark ruling on car loan misselling, as industry and...

Trustnews - October 30, 2024

Automotive industry