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Around 40pc of car finance deals involved so-called “discretionary commission arrangements” before they were banned. Experts have compared the scale of the crisis to the PPI scandal ...
It also expanded the scope to more forms of commission, not just DCAs. Almost 85% of new car deals are done on finance according to the latest figures from the SMMT, with similar figures seen ...
the Court of Appeal decision widened the scope to any car finance commissions. The three judges unanimously agreed that it would be illegal for the lender to pay any commission to the dealer ...