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Supreme Court Ruling Denies Millions Access to Car Finance Payouts
The UK Supreme Court has delivered a landmark judgment curbing widespread compensation claims by motorists over undisclosed commissions paid on car loans, ruling in favour of finance companies in two of three major test cases. The decision narrows the scope of potential payouts after earlier courts had signalled a possible wave of claims comparable to the PPI mis-selling scandal, affecting…
Boeing Defense Workers Plan Strike Amid Challenges for Aviation Giant
More than 3,000 Boeing defence workers in Missouri and Illinois are preparing to strike on Monday after rejecting the aerospace giant’s latest contract offer, escalating challenges for the struggling company. The walkout involves employees who build F-15 fighter jets and other military aerospace products, following disputes over wages, pensions, and work schedules. Defence Workers Reject Contract Offer Amid Growing Labour…
Mis-sold Car Finance Victims May Receive Under £950 Per Settlement
The UK Financial Conduct Authority (FCA) has announced plans to consult on a large-scale compensation scheme for victims of car finance mis-selling, following a landmark Supreme Court ruling clarifying the legality of hidden commissions in car loan deals. The regulator estimates millions of motorists could be eligible for payouts averaging less than £950 per agreement, with payments expected to begin…
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