LNB News 11/12/2024
Document Information
Issue Date: 11 December 2024
Published Date: 11 December 2024
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Two car-finance lenders, FirstRand Bank and Close Brothers, have been granted permission from the Supreme Court to appeal a landmark ruling that found that brokers (car dealers) receiving commission from lenders without customers' informed consent was unlawful. The review of the ruling will take place in the first quarter of 2025, the Court said.
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