Lloyds CEO Defends Motor Finance
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Business & Economics
Car finance redress: burden of proof lies with lenders, not customers

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
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85
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93
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informal
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English
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52
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medium-lived
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