• Home
  • Privacy Policy
  • Editorial Policy
  • About Us
  • Contact Us
  • Web Stories
Tuesday, July 1, 2025
London Journal | The Voice of London
  • Home
  • Politics
    Fines for firms who employ asylum seekers slump by a third despite black market migrant workers soaring to all-time high

    Fines for firms who employ asylum seekers slump by a third despite black market migrant workers soaring to all-time high

    Education Secretary unveils  £1.7million boost for pupils with special needs in win for The Sun’s Give It Back campaign

    Education Secretary unveils £1.7million boost for pupils with special needs in win for The Sun’s Give It Back campaign

    Bid to save Britain from more riots and ease community tensions launched by expert taskforce

    Bid to save Britain from more riots and ease community tensions launched by expert taskforce

    China’s mega-embassy could still be blocked as residents prepare to drag ministers to court over ‘stitched up’ deal

    China’s mega-embassy could still be blocked as residents prepare to drag ministers to court over ‘stitched up’ deal

    Trending Tags

    • Business
      • All
      • Digital Marketing
      • Real Estate
      Shetland’s only local newspaper saved from closure

      Shetland’s only local newspaper saved from closure

      News diary 30 June – 6 July: Oasis reunion tour starts, Wimbledon, British Grand Prix

      News diary 30 June – 6 July: Oasis reunion tour starts, Wimbledon, British Grand Prix

      Businesses Turn to Refurbished Networking Hardware to Cut Costs and Boost Sustainability

      Google’s site reputation abuse policy: the wrong solution to a real problem

      Google’s site reputation abuse policy: the wrong solution to a real problem

      Trending Tags

      • Tech
        Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

        Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

        Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

        Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

        Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

        Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

        I used ChatGPT as FREE nutritionist to rate my diet & turbocharge my health – it found TWO hidden dangers in my meals

        I used ChatGPT as FREE nutritionist to rate my diet & turbocharge my health – it found TWO hidden dangers in my meals

        Huge number of horses’ facial expressions revealed as scientists discover equine ‘language’

        Huge number of horses’ facial expressions revealed as scientists discover equine ‘language’

        Archaeologists find 6,000-year-old skeletons from Colombia with ancient DNA which could rewrite human history

        Archaeologists find 6,000-year-old skeletons from Colombia with ancient DNA which could rewrite human history

      • Health
      • Science

        We’ve probably already been discovered by aliens, but they have some pretty good reasons to hide.

        Almost everyone is said to benefit from a scientifically supported method for improving sleep.

        2,500-year-old rock engravings were found near Mosul, Iraq.

        Is the soul of a person eternal? the findings of scientists

        With its most recent move, is General Electric abandoning wind power?

      • Crypto
      • Entertainment
        • All
        • Gaming
        • Sports
        Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

        Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

        ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

        ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

        UFC 316 – Merab Dvalishvili vs Sean O’Malley 2: Fight time, full card, TV channel and live stream ahead of huge rematch

        UFC 316 – Merab Dvalishvili vs Sean O’Malley 2: Fight time, full card, TV channel and live stream ahead of huge rematch

        Olympics gender row boxer Imane Khelif BANNED from next week’s World Cup as chiefs introduce mandatory sex testing

        Olympics gender row boxer Imane Khelif BANNED from next week’s World Cup as chiefs introduce mandatory sex testing

        PGA Tour star banks $2.1 million in just two weeks – four years after quitting golf to become loan officer

        PGA Tour star banks $2.1 million in just two weeks – four years after quitting golf to become loan officer

      • Lifestyle
        • All
        • Fashion
        • food
        • Home improvement
        • Travel
        A Site for Situated Practices: Mezzanine

        Exhibition: Substance & Recoding: The Narrative of Contemporary Objects in the Semantic Turn

        Discover Amsterdam’s beauty from the water

        An adventure on the canals of Amsterdam

        An adventure on the canals of Amsterdam

        Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain's Latest Collection.

        Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

        after builders cleaning

        After Builders Cleaning Services in UK with Cliffycox: Reviving Spaces, Redefining Cleanliness

        Creating an Oasis Deponti Glass Room Products and Maze Outdoor Kitchens

        Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

      • Travel
      • Real Estate
      • Sports
      • More
        • Press Release
      No Result
      View All Result
      • Home
      • Politics
        Fines for firms who employ asylum seekers slump by a third despite black market migrant workers soaring to all-time high

        Fines for firms who employ asylum seekers slump by a third despite black market migrant workers soaring to all-time high

        Education Secretary unveils  £1.7million boost for pupils with special needs in win for The Sun’s Give It Back campaign

        Education Secretary unveils £1.7million boost for pupils with special needs in win for The Sun’s Give It Back campaign

        Bid to save Britain from more riots and ease community tensions launched by expert taskforce

        Bid to save Britain from more riots and ease community tensions launched by expert taskforce

        China’s mega-embassy could still be blocked as residents prepare to drag ministers to court over ‘stitched up’ deal

        China’s mega-embassy could still be blocked as residents prepare to drag ministers to court over ‘stitched up’ deal

        Trending Tags

        • Business
          • All
          • Digital Marketing
          • Real Estate
          Shetland’s only local newspaper saved from closure

          Shetland’s only local newspaper saved from closure

          News diary 30 June – 6 July: Oasis reunion tour starts, Wimbledon, British Grand Prix

          News diary 30 June – 6 July: Oasis reunion tour starts, Wimbledon, British Grand Prix

          Businesses Turn to Refurbished Networking Hardware to Cut Costs and Boost Sustainability

          Google’s site reputation abuse policy: the wrong solution to a real problem

          Google’s site reputation abuse policy: the wrong solution to a real problem

          Trending Tags

          • Tech
            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

            I used ChatGPT as FREE nutritionist to rate my diet & turbocharge my health – it found TWO hidden dangers in my meals

            I used ChatGPT as FREE nutritionist to rate my diet & turbocharge my health – it found TWO hidden dangers in my meals

            Huge number of horses’ facial expressions revealed as scientists discover equine ‘language’

            Huge number of horses’ facial expressions revealed as scientists discover equine ‘language’

            Archaeologists find 6,000-year-old skeletons from Colombia with ancient DNA which could rewrite human history

            Archaeologists find 6,000-year-old skeletons from Colombia with ancient DNA which could rewrite human history

          • Health
          • Science

            We’ve probably already been discovered by aliens, but they have some pretty good reasons to hide.

            Almost everyone is said to benefit from a scientifically supported method for improving sleep.

            2,500-year-old rock engravings were found near Mosul, Iraq.

            Is the soul of a person eternal? the findings of scientists

            With its most recent move, is General Electric abandoning wind power?

          • Crypto
          • Entertainment
            • All
            • Gaming
            • Sports
            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

            UFC 316 – Merab Dvalishvili vs Sean O’Malley 2: Fight time, full card, TV channel and live stream ahead of huge rematch

            UFC 316 – Merab Dvalishvili vs Sean O’Malley 2: Fight time, full card, TV channel and live stream ahead of huge rematch

            Olympics gender row boxer Imane Khelif BANNED from next week’s World Cup as chiefs introduce mandatory sex testing

            Olympics gender row boxer Imane Khelif BANNED from next week’s World Cup as chiefs introduce mandatory sex testing

            PGA Tour star banks $2.1 million in just two weeks – four years after quitting golf to become loan officer

            PGA Tour star banks $2.1 million in just two weeks – four years after quitting golf to become loan officer

          • Lifestyle
            • All
            • Fashion
            • food
            • Home improvement
            • Travel
            A Site for Situated Practices: Mezzanine

            Exhibition: Substance & Recoding: The Narrative of Contemporary Objects in the Semantic Turn

            Discover Amsterdam’s beauty from the water

            An adventure on the canals of Amsterdam

            An adventure on the canals of Amsterdam

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain's Latest Collection.

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

            after builders cleaning

            After Builders Cleaning Services in UK with Cliffycox: Reviving Spaces, Redefining Cleanliness

            Creating an Oasis Deponti Glass Room Products and Maze Outdoor Kitchens

            Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

          • Travel
          • Real Estate
          • Sports
          • More
            • Press Release
          No Result
          View All Result
          London Journal | The Voice of London
          No Result
          View All Result

          Motorists ‘could claim billions’ after car finance commissions payback ruling

          by Anderson
          October 27, 2024
          in Motoring
          0
          SHARES
          Share on FacebookShare on TwitterLinkedin

          Motorists ‘could claim billions’ after car finance commissions payback ruling

          Motorists have won a landmark legal decision against companies providing car finance deals after Appeal Court judges ruled in favour of three car buyers who claimed that hidden commissions on their deals added thousands of pounds to the cost.

          “The consumers were very poorly served by the brokers and the lenders alike,” the judges said.

          They said consumers have the right to know about the commission arrangements between the lender and car dealer to ensure fairness.

          Until a rule change in 2021, hidden commissions on car purchase deals meant customers could end up paying many thousands of pounds extra in interest for a loan to buy the vehicle.

          The four justices held that car dealers had a legal duty to act in consumers’ best interests instead of their own when arranging car ­finance deals.

          They said it was not sufficient for commission details to be hidden in a contract’s terms and conditions. The ruling could open the door for many more consumers to seek redress.

          Lawyers for the customers bringing the case – student nurse Amy Hopcraft, factory supervisor Marcus Johnson and postal worker Andrew Wrench – argued that dealers had a duty to provide impartial information or advice.

          They asked for the return of the hidden commission paid to the dealers as credit brokers.

          The court agreed that the car dealers were the sellers but also acted as credit brokers on behalf of the buyers. As such they had a duty to search for and offer a finance deal that was competitive and suitable for the customers’ needs.

          In 2021, the Financial Conduct Authority (FCA) watchdog banned agreements under which firms could receive commission linked to the interest rate paid by customers, saying the practice incentivised car dealers to increase a customer’s borrowing costs.

          Thousands of drivers complained they have been overcharged. Firms rejected many of the complaints arguing they had not acted unfairly nor caused their customers loss.

          The Financial Ombudsman Service considered some complaints rejected by firms and found in favour of complainants in two decisions. Claims were also brought by some consumers in County Courts, some of which were upheld,

          The FCA has been reviewing historical cases since January and has warned lenders to prepare for additional costs as part of a possible compensation scheme.

          It is carrying out its own inquiry into the motor finance sector and looks likely to make lenders pay back commissions.

          The watchdog has been flooded with complaints from consumers claiming that their loans were priced unfairly. Over one million claims have been submitted through Martin Lewis’s Money Saving Expert site.

          The FCA said it had paused the time firms have to provide a final response to customers about motor finance complaints involving a discretionary commission arrangement (DCA). “We did this to prevent disorderly, inconsistent and inefficient outcomes for consumers and knock-on effects on firms and the market while we review whether motor finance customers have been overcharged because of the past use of DCAs.”

          It said it had noted the Appeal Court judgment and is carefully considering its decision,

          Separately, legal firms are taking action on behalf of a number of drivers. Manchester-based Consumer Rights Solicitors, which acted in this case, believes the compensation bill could be as high as £42bn.

          Shares in Close Brothers, the company that provided the finance, fell sharply after the verdict. The company said: “The financial impact of the Hopcraft case in isolation is not material,” but warned “the judgment may set a precedent for similar claims, which may… result in significant liabilities for the group.”

          Close Brothers disagreed with the court ruling and will appeal to the Supreme Court. It said it was pausing new UK motor finance business while it reviews its processes.

          Kavon Hussain, of Consumer Rights Solicitors said: “These hidden commissions meant that the consumer could pay anything from a few hundred pounds to many thousands extra to a lender through interest payments, for the lender to then pay this to the dealer. It was, and still is, a broken system.”

          Source link

          Recent News

          Shetland’s only local newspaper saved from closure

          Shetland’s only local newspaper saved from closure

          June 30, 2025
          Shubhanshu Shukla took this Gujarati dish into space, know what is the astronaut’s food?

          Shubhanshu Shukla took this Gujarati dish into space, know what is the astronaut’s food?

          June 29, 2025
          Commentators Salary: No less than cricketers commentators, earning crores of luxury life

          Commentators Salary: No less than cricketers commentators, earning crores of luxury life

          June 29, 2025
          Pakistan was handed over! After the trade relations with India deteriorated, they were on the verge of begging

          Pakistan was handed over! After the trade relations with India deteriorated, they were on the verge of begging

          June 29, 2025
          Gujarati is the talk… .Inil Ambani is now preparing to do power business abroad, making these shares a profit

          Gujarati is the talk… .Inil Ambani is now preparing to do power business abroad, making these shares a profit

          June 29, 2025
          Israel slams BBC for airing ‘death to IDF’ chant during Bob Vylan’s Glastonbury set – as calls grow to arrest singer

          Israel slams BBC for airing ‘death to IDF’ chant during Bob Vylan’s Glastonbury set – as calls grow to arrest singer

          June 29, 2025
          Fines for firms who employ asylum seekers slump by a third despite black market migrant workers soaring to all-time high

          Fines for firms who employ asylum seekers slump by a third despite black market migrant workers soaring to all-time high

          June 29, 2025
          • Home
          • Privacy Policy
          • Editorial Policy
          • About Us
          • Contribute
          • Advertise with us
          • Contact Us

          All Rights Reserved © 2022 London Journal - Voice of London

          No Result
          View All Result
          • Home
          • Politics
          • World
          • Business
          • Science
          • Crypto
          • Entertainment
          • Gaming
          • Opinion
          • Sports
          • Fashion
          • Lifestyle
          • Travel
          • Tech
          • Health
          • Food

          All Rights Reserved © 2022 London Journal - Voice of London