Lloyds bank faces £66m court battle with car loan customers
Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange themLloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are set to abandon the City regulator’s official redress scheme amid fears it will...
<p>Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them</p><p>Lloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are set to abandon the City regulator’s official redress scheme amid fears it will shortchange consumers and favour lenders.</p><p>The claims law firm Courmacs Legal is planning to file a £66m omnibus claim on behalf of borrowers who believe they were financially harmed by car loan contracts set up by Lloyds’ motor finance arm, Blackhorse.</p> <a href="https://www.theguardian.com/business/2026/mar/27/lloyds-bank-66m-court-car-loan-law-fca">Continue reading...</a>
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