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The Supreme Court on Friday overturned a Court of Appeal ruling that said secret' commission payments were unlawful.
Industry analysts also said on Friday that banks will breathe a sigh of relief' after the landmark Supreme Court ruling.
Federal data suggests the job market has slowed more than previously thought amid economic headwinds.
Two lenders challenged a Court of Appeal ruling that said secret' commission payments paid by buyers were unlawful.
Supreme court ruling ends 18-month saga over whether or not lenders hid finance commission rates Blow for consumers as supreme court hands partial win to car finance firms over loans The supreme court has partly overturned an earlier ruling on the car finance commission scandal seemingly granting UK banks a reprieve and potentially limiting compensation payouts to those consumers whose cases are more serious. We explain what this means for car buyers, whether anyone should expect compensation, and...
Judges dismiss compensation save for the most serious cases in move that will also be a blow to the claims industry The supreme court has partly overturned a lower court decision on the car finance commission scandal, closing the door to compensation except in more serious cases. In their ruling, a panel of justices led by the supreme court president, Lord Reed, only upheld one consumer's case, originally filed by borrower Marcus Johnson. Cases brought by two other consumers alleging that commissions...
The monthly jobs report from the Labor Department is often a ho-hum affair, but that was decidedly not the case with the one that came out Friday . "It's rare that a single report drastically shifts our understanding of the economy's health, but that's what happened Friday at 8:30am ET,...
The Trump administration is preparing a five-year test that could allow some Medicare and Medicaid patients to access high-profile weight loss drugs, including Ozempic, Wegovy, Mounjaro, and Zepbound. The plan, which would let state Medicaid programs and Medicare Part D insurers choose to cover these drugs for obesity treatment, represents...
It's about as big a boast as Ford can make: "This is a Model T moment for us," CEO Jim Farley told reporters on an earnings call this week, referring to an upcoming announcement on electric vehicles, reports Inside EVs . Farley said the automaker will unveil plans on August 11...
Verdict could could pave way for millions of motorists to claim compensation for mis-selling The UK's highest court is poised to give its verdict on the 44bn car finance scandal, which could pave the way for millions of motorists to claim billions of pounds in compensation for mis-selling. The supreme court judgment, which will be handed down after financial markets close at 4.35pm on Friday, will decide whether or not to uphold a finding by the court of appeal in October that hidden commissions...
Users on prediction platform Kalshi are betting on what the iPhone maker will discuss in its upcoming earnings call.
Oil and terrorism are not the country's only exports...
The bloc opts for prudence over defiance...
Private equity is enjoying a renaissance in an unlikely place...
China's official manufacturing Purchasing Managers' Index for July was 49.3, missing expectations for 49.7 according to a Reuters poll.
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