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Chancellor had sought to prevent lenders caught up in commissions scandal being handed £44bn bill Rachel Reeves has been dealt a fresh blow after her controversial move to intervene in a high-profile supreme court case and curb a potential £44bn bill for lenders caught up in the car loan commissions scandal was rejected.Judges at the supreme court on Monday rejected the chancellor’sapplication lodged last month that urged judges to avoid handing “windfall” compensation to borrowers harmed by allegedly secret commission payouts to car dealers that arranged the loans. Continue reading…
Chancellor had sought to prevent lenders caught up in commissions scandal being handed £44bn bill
Rachel Reeves has been dealt a fresh blow after her controversial move to intervene in a high-profile supreme court case and curb a potential £44bn bill for lenders caught up in the car loan commissions scandal was rejected.
Judges at the supreme court on Monday rejected the chancellor’sapplication lodged last month that urged judges to avoid handing “windfall” compensation to borrowers harmed by allegedly secret commission payouts to car dealers that arranged the loans.
