UK Supreme Court gives banks reprieve on car finance commissions
Original judgment had threatened to leave lenders on hook for tens of billions of pounds in compensation
Original judgment had threatened to leave lenders on hook for tens of billions of pounds in compensation

Financial regulator set to announce by Monday if it will impose an industry-wide redress scheme

Financial watchdog to give detailed proposals in October, following Friday’s Supreme Court ruling

Financial Conduct Authority lowers estimate for loans eligible for compensation scheme

Close Brothers shares rise more than a fifth after Supreme Court ruling

Case in Court of Appeal will help shape whether motorists can make claims outside of £9.1bn redress scheme

Comments by Nikhil Rathi position watchdog for stand-off with claims management companies and law firms