‘This ruling could have implications for the insurance industry,’ says financial services partner
The Supreme Court reversed an earlier Court of Appeal ruling after markets closed late last week (1 August 2025) as it ruled in favour of lenders on the issue of secret commission payments made to motor dealers.
The FCA had previously indicated that it would potentially consult on an “industry-wide redress scheme” for motor finance customers that lost out financially from “widespread failings by firms” on the issue of secret commissions in this area.
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