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December 18, 2024 
Daniel Lee How Much Could the Motor Finance Commission Scandal Cost the Industry? The motor finance industry in the UK is grappling with an enormous potential financial liability following revelations and legal defeats relating to undisclosed commissions tied to finance agreements. With potentially over 95% of motor finance agreements involving undisclosed commissions, and an estimated average commission […]
December 18, 2024 Daniel Lee High Court Defeat for Motor Finance Industry: Case AC-2024-LON-001124 On December 17, 2024, the High Court delivered another landmark judgment affecting the motor finance industry, this time in the case of Clydesdale Financial Services Ltd t/a Barclays Partner Finance v Financial Ombudsman Service Ltd (Case No. AC-2024-LON-001124). This case once again highlighted the entrenched issues […]
December 17, 2024 Daniel Lee Exposing Corruption and Leadership Failures at Black Horse Black Horse, a prominent name in the UK’s finance sector and part of the Lloyds Banking Group, has long attempted to position itself as a trusted provider of vehicle finance. However, beneath the surface lies a troubling history of mis-selling practices, leadership failures, and regulatory breaches that […]
November 26, 2024 Daniel Lee MPs Brand FCA as “Incompetent”—The Crucial Role of Claims Management Companies Published: November 26, 2024 Financial Scandals and Regulatory Failures Today’s blistering parliamentary report exposes deep flaws in the Financial Conduct Authority (FCA), labeling it “incompetent at best, dishonest at worst.” Over decades, financial scandals such as PPI mis-selling and motor finance commission abuses have […]
November 21, 2024 Daniel Lee Why Martin Lewis is Wrong About the Wrench v FirstRand Court of Appeal Judgment In a recent commentary, financial advisor Martin Lewis expressed concern that the Court of Appeal’s decision in Wrench v FirstRand Bank Ltd and related cases has “gone too far.” However, his perspective overlooks critical legal and ethical nuances highlighted in the […]
November 13, 2024 Daniel Lee Will the Court of Appeal Judgment in Wrench v FirstRand Increase the Cost of Credit? The recent Court of Appeal decision in Wrench v FirstRand has brought significant implications for the motor finance industry, specifically focusing on transparency in commission-based lending practices. While there are concerns that this judgment may lead to higher costs for […]
