Lenders avoid having to pay compensation to drivers

ODN

Millions of drivers in car finance schemes will not receive compensation, after the Supreme Court ruled lenders are not liable for hidden commission payments. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Transcript

00:00For the reasons set out in detail in a judgment published today, the Supreme Court allows the appeals brought by the finance companies.

00:10However, we uphold Mr Johnson's claim that the relationship between him and the finance company was unfair,

00:19and we allow the appeal in his case only because the Court of Appeal made a number of mistakes in reaching its decision.

00:26Retaking the decision on a proper basis, we award him the amount of a commission plus interest.

00:35The other customers' claims are rejected.

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