Millions could be entitled to compensation as a result of commission arrangements between lenders and dealers.

MILLIONS of drivers will get £700 in car finance payouts after the financial watchdog unveiled the details of a major redress ...

NASHVILLE, Tenn. — Leaders at major national auto lenders described consumers facing economic pressures and expected auto finance portfolios to do worse in 2024 than in 2023. At an Auto Finance Summit ...

The Financial Conduct Authority (FCA) said payouts could result from 14 million motor finance agreements between April 2007 ...

Shares in Britain’s biggest car loan providers rallied yesterday after they were handed a lower-than- feared compensation bill for the motor finance scandal. FTSE 250 lender Close Brothers closed up 5 ...

More than £5bn has been added to the value of Britain’s biggest banks after the City regulator’s car finance compensation pot was smaller than expected.

If they have already signed up with a claims management company, they can opt out and use the free scheme. However, they may ...

WASHINGTON, May 19 (Reuters) - Santander Consumer USA Holdings Inc said on Tuesday it had agreed to make changes to its underwriting practices as part of a $550 million settlement with 33 states and ...

BRITAIN’S top banks added over £5billion in market value yesterday after it was revealed the car finance compensation scheme ...

One factor that has been contributing to borrower difficulties is the sharp rise in auto prices, though used-car prices have fallen from their peak in 2022, according to the New York Fed. U.S. auto ...

Investors have plenty of appetite for Spanish securitizations, to judge by Santander managing to push the spread on its €650m ...