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Business & Economics

Car finance redress: burden of proof lies with lenders, not customers

GlobalData
Summary
Nutrition label

76% Informative

Lloyds CEO Charlie Nunn recently asserted that no harm was done to consumers by the high street bank he leads.

Nunn argues that without demonstrable financial harm, there is no requirement for redress.

If the Supreme Court confirms that lenders were required to disclose commission arrangements, it will fall to the firms, not customers, to show that a lack of disclosure did not cause financial harm.

VR Score

84

Informative language

85

Neutral language

93

Article tone

informal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links