Court clears path for multi-claimant motor finance claims

The England and Wales Court of Appeal has upheld the use of multi-claimant proceedings in motor finance commission litigation, rejecting lenders’ attempts to force thousands of consumers to pursue individual claims. More from ICLG and the Law Gazette.

Meanwhile, the FCA has confirmed that lenders will not have to calculate or pay compensation under its motor finance redress scheme while legal challenges to the scheme are heard, meaning claimants may face delays until 2027, 2028 or beyond and may increasingly turn to court proceedings rather than wait for regulatory redress. More from Legal Futures.