Analysis, Capital

Could car finance mis-selling cost UK banks more than they think?

By Nicholas Dunbar
car finance mis-selling
Image via Freepik

Consumer mis-selling, a perennial operational risk for banks, has now reared its head again in car finance and could cost UK banks £16bn

The scandal arose because of the way banks originated car loans. Brokers were paid a commission with discretion to set the interest ...

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