Lloyds Bank Faces £66 Million Court Battle with 30,000 Car Loan Customers
Lloyds Banking Group is facing an 'omnibus' lawsuit totaling £66 million from 30,000 consumers regarding car finance, just days before the regulator is set to release details of a mis-selling redress scheme. A law firm is preparing the claim on behalf of these customers who fear the FCA’s redress scheme will shortchange them, leading to a court battle.
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Lloyds faces £66mn car-finance lawsuit from 30,000 consumers
‘Omnibus’ claim comes days before regulator unveils details of mis-selling redress scheme
Read full article →Lloyds Bank faces £66m court battle with car loan customers
Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them Lloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are set to abandon the City regulator’s official redress scheme amid fears it will shortchange consumers and favour lenders. The claims law firm Courmacs Legal is planning to file a £66m omnibus claim on behalf of borrowers who believe they were financially harmed by car loan contracts set u...
By Kalyeena Makortoff Banking correspondent
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