Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
UK Supreme Court to decide if banks owe billions in compensation over secret motor finance commissions.
The UK Supreme Court is considering a case involving major banks and secret motor finance commissions, which could cost the financial industry billions in compensation to consumers.
The Court of Appeal previously ruled that banks need customers' informed consent for these commissions, and now banks like Close Brothers and FirstRand are challenging this decision.
The Financial Conduct Authority banned such commissions in 2021, but the Supreme Court's ruling, expected this summer, will determine the extent of compensation and legal responsibilities.
28 Articles
Tribunal Supremo del Reino Unido para decidir si los bancos deben miles de millones de dólares en compensación por comisiones secretas de financiación del motor.