{"id":267198,"date":"2025-08-01T21:05:26","date_gmt":"2025-08-01T20:05:26","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/lenders-avoid-payouts-to-millions-of-drivers-after-supreme-court-car-finance-ruling-itv-news\/"},"modified":"2025-08-01T21:05:26","modified_gmt":"2025-08-01T20:05:26","slug":"lenders-avoid-payouts-to-millions-of-drivers-after-supreme-court-car-finance-ruling-itv-news","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/lenders-avoid-payouts-to-millions-of-drivers-after-supreme-court-car-finance-ruling-itv-news\/","title":{"rendered":"Lenders avoid payouts to millions of drivers after Supreme Court car finance ruling | ITV News"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i2.ytimg.com\/vi\/ImofBpffjt8\/hqdefault.jpg\" alt=\"Lenders avoid payouts to millions of drivers after Supreme Court car finance ruling | ITV News\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ImofBpffjt8\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>Lenders have avoided potentially having to pay compensation to millions of drivers after the Supreme Court ruled that they are not liable for hidden commission payments in car finance schemes.<\/p>\n<p>In October last year, the Court of Appeal ruled that \u201csecret\u201d commission payments to car dealers as part of finance arrangements made before 2021 without the motorist\u2019s fully informed consent were unlawful.<\/p>\n<p>The court found that three motorists, who all bought their cars before 2021, had not been told either clearly enough or at all that the car dealers, acting as credit brokers, would receive a commission from the lenders for introducing business to them, and should receive compensation.<\/p>\n<p>Two lenders, FirstRand Bank and Close Brothers, took the row to the Supreme Court, telling a three-day hearing in April that the decision was an \u201cegregious error\u201d.<\/p>\n<p>\u2022 Subscribe to ITV News on YouTube: http:\/\/bit.ly\/2lOHmNj<br \/>\n\u2022 Get breaking news and more stories at http:\/\/www.itv.com\/news<\/p>\n<p>Follow ITV News\u00a0on TikTok https:\/\/www.tiktok.com\/@itvnews?lang=en<br \/>\nFollow ITV News on Instagram:\u00a0https:\/\/www.instagram.com\/itvnews\/<br \/>\nFollow ITV News on Facebook: https:\/\/www.facebook.com\/itvnews\/<br \/>\nFollow ITV News on X: https:\/\/twitter.com\/itvnews<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders have avoided potentially having to pay compensation to millions of drivers after the Supreme Court ruled that they are not liable for hidden commission payments in car finance schemes. In October last year, the Court of Appeal ruled that \u201csecret\u201d commission payments to car dealers as part of finance arrangements made before 2021 without [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":267199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128812],"tags":[133825,129040,146516],"actors":[],"class_list":["post-267198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-itv-news","tag-avoided","tag-have","tag-lenders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lenders avoid payouts to millions of drivers after Supreme Court car finance ruling | ITV News | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Lenders avoid payouts to millions of drivers after Supreme Court car finance ruling | ITV News for free, here on News ISC. 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