A landmark Supreme Court decision scheduled for Friday could trigger Britain's largest-ever financial compensation scandal, potentially dwarfing the infamous PPI mis-selling case that cost banks over £38 billion.
The ruling addresses whether lenders and brokers must secure fully informed consent from customers for commission payments, potentially reshaping the £40 billion ($52 billion) motor finance market. With banks like Lloyds and Santander setting aside £1.445 billion ($2 billion) for claims, the decision could rival the PPI scandal in scale.
