Legal News

UK FCA gets permission to intervene in landmark car-finance hearing

Published on: 19 February 2025
Published by an MLex correspondent

Article summary

MLex: The UK's Financial Conduct Authority (FCA) has been granted permission by the Supreme Court to intervene in the landmark car-finance hearing that will define the future of the industry, after lenders came under increased scrutiny over the use of hidden commissions. The Finance & Leasing Association (a top trade group) was denied permission. The finance ministry was also denied permission.

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