** Britain's motor finance industry is facing a crisis after a landmark court ruling, prompting warnings of potential multi-billion-pound payouts to consumers. The Court of Appeal ruled it was unlawful for car dealers to receive bonuses from banks providing motor finance without customer consent. Analysts compare the situation to the UK's payment protection insurance (PPI) scandal, which cost banks over £50 billion.

**

Source: https://www.cnbc.com/2024/11/14/uk-car-finance-industry-in-crisis-with-banks-bracing-for-mega-payouts.html