💨 Abstract

The UK's Supreme Court is poised to rule on the legality of hidden commission payments in car hire-purchase agreements. If the court finds these discretionary commission arrangements unlawful, millions of motorists who took out car loans before 2021 could be entitled to compensation. The outcome could have significant implications for the financial services sector, which has previously faced scandals related to mis-selling, such as payment protection insurance (PPI).

Courtesy: WTOP Staff