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financing dealsTelegraph
•
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
External references
2
Source diversity
2
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