{
Eleanor Thornber

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hidden commissions uncovered in uk car finance scandal

A brewing crisis in Britain's car finance industry has emerged following an 11-month investigation by the Financial Conduct Authority, revealing that approximately 40% of loans arranged by car dealerships included hidden commissions unbeknownst to customers. This scandal raises significant concerns about transparency and consumer protection in the sector.
Bloomberg.com
British Pound Sterling Financial Conduct Authority GBR Eleanor Thornber Harry Wilson
Regulatory & Legal, News Article
06:00 26.11.2024
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