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66M Pound Lawsuit Against Lloyds Banking Group

66M Pound Lawsuit Against Lloyds Banking Group

UK News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 27, 20261m 12s

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Show Notes

30,000 car loan customers are suing Lloyds Banking Group for £66 million, alleging overcharging due to hidden commissions. They reject the FCAs proposed £11 billion redress scheme, claiming it offers insufficient compensation. Consumer groups and law firms argue for higher payouts, while the government urges restraint. More group suits against other lenders are expected, with hearings set for April.

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