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Telegraph

Car deliveries halted amid fears motor finance scandal is ‘bigger than PPI’

Telegraph
Summary
Nutrition label

75% Informative

Court of Appeal judges ruled that commission fees added to financing deals a standard arrangement used for decades were in fact unlawful.

The decision effectively overruled previous guidance issued by regulator the Financial Conduct Authority .

Several lenders have temporarily paused deal-making as lawyers prepare to launch potentially massive lawsuits against them.

Government confirms it is ramping up efforts to stem crisis.

Courmacs alone has around 1.4 m claims on its books, making it the largest book of motor finance claims in the UK .

Court of Appeal decision has widened the scope of potential claims.

City investors are bracing for the impact of the judgement on the finances of lenders.

VR Score

75

Informative language

73

Neutral language

47

Article tone

semi-formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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