Published by Michele Maatouk on 21st February 2025
(Sharecast News) - UK lenders paid "advance commissions" to car dealers that may have encouraged them to push costlier loans on to consumers, legal filings linked to the motor finance scandal reveal. Court documents seen by the Guardian show that lenders, including Lloyds Banking Group, have paid commission to individual dealerships in lump sums upfront, which campaigners say total millions of pounds. - Guardian