Lloyds faces £66mn car-finance lawsuit from 30,000 consumers
‘Omnibus’ claim comes days before regulator unveils details of mis-selling redress scheme
‘Omnibus’ claim comes days before regulator unveils details of mis-selling redress scheme

Britain’s largest provider of vehicle loans wants to draw a line under scandal that rocked the sector

Financial Conduct Authority lowers estimate for loans eligible for compensation scheme

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

Move follows ruling from Financial Conduct Authority and takes UK lender’s total provision to almost £2bn

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

High street lender wants to reduce technology costs by 35% this year, internal documents show