Alarm in UK car finance market and beyond after landmark ruling on commissions

Sector fears a $20 billion bill after judgment on ‘hidden’ discretionary charges.

A landmark court ruling on car finance commissions has prompted lenders to hold urgent talks with the UK Treasury and regulators as fears grow about the cost of a redress scheme. Some estimate the ruling could cost the sector as much as £16 billion ($20.8 billion).

And FCA chief executive Nikhil Rathi

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