Martin Lewis explains car finance mis-selling case as Supreme Court to deliver verdict

Martin Lewis explains car finance mis-selling case as Supreme Court to deliver verdictITV

Transcript

00:00Discretionary commission arrangements are where until 2021, when you went to get a card from

00:04a card dealer or broker, they could increase the amount of commission that they got, increase

00:10the interest rate that you paid in order to increase the commission that you got without

00:14telling you. Hence, discretionary commission arrangements.

00:18Now, for those people who follow me and the work I've done, that's the type of car finance

00:23mis-selling I've been talking about. That's the one I've had over 3 million template complaints

00:27done via my website. That is done through the regulator, the FCA. That was not primarily

00:34a court route. And that could potentially still happen regardless of what the Supreme Court

00:40says today. And that's about 40% of cases. And it's the one I've been championing the injustice

00:45behind. The other case, the one that is being dealt with in the Supreme Court today, is a

00:51case that was bought by claims management firms on what is arguably a technicality and what

00:57they are saying is under the Bribery Act, if firms did not declare the amount of commission,

01:04not even if the commission was unfair, but literally it didn't say the amount of commission

01:08in the document, then technically it counts as bribery and therefore the loan is invalid.

01:14And that, if the Supreme Court of Appeal agreed with them, if the Supreme Court upholds it today,

01:20would affect 99%, we think, of car finance deals, PCP deals, and HP deals.

01:27Epic Money allegations For كل POPES

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