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Evening Standard
Evening Standard
Alex Daniel

Lloyds ‘assessing impact’ of key car finance ruling in favour of consumers

Car finance sellers are braced for a wave of compensation payouts in the coming years (Andrew Matthews/PA) - (PA Wire)

Lloyds Bank has said it is “assessing the potential impact” of a court ruling last week which sided with consumers in a row over commissions earned by companies selling car finance loans.

Shares in the bank, a major motor finance seller, plunged last week after judges ruled that dealerships must tell customers about any commission earned when they take out the loans.

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