Motor Finance Mis-Selling - Another Emerging Scandal?

Introduction

Another financial mis-selling scandal is emerging.

In March 2019 the Financial Conduct Authority published the final findings of its review of the motor finance sector. It followed widespread anecdotal reports of highly questionable incentive structures in the sector and of the aggressive marketing of ‘PCP’ (personal contract purchase) plans to customers.

Mis-selling claims are now being brought against lenders and brokers to remedy the inflated interest rates that consumers were unknowingly duped into agreeing.

This webinar will explore the practicalities of bringing these claims.

What You Will Learn

This webinar will cover the following:

• Overview of PCP and vehicle loans
• The legal framework
• Criteria for bringing a claim
• Practicalities of issuance
• Quantum

This webinar was recorded on 10th October 2023