Rachel Reeves considers overruling supreme court in £44bn car finance scandal

[Tram]

Rachel Reeves considers overruling supreme court in £44bn car finance scandal

Exclusive: Chancellor could step in if justices uphold entirety of ruling over commission paid to brokers

www.theguardian.com

If she does this then it makes the justice system a joke and untrustworthy. The courts are there to be independent and provide fair outcomes.

 

[wolfie138]

rapists and killers getting off cos their kids don't like chicken nuggets/brain isn't fully developed at age 21/etc etc ~ justice system is already a joke

 

[adidan]

She can jog on

 

[Hagar]

I hope she does. Another compensation culture quashed.

 

[darkgen]

This retrospective stuff is beyond the pale. She isn't the first lunatic who thinks this is acceptable but at least in those incidents it related to the public purse and not private commercial entities.

 

[arknor]

save people reading an essay.

The City has been anxiously waiting to see whether justices fully uphold the appeal court decision that paying commission to brokers who arranged the motor loans, without disclosing the sum and terms of that commission to borrowers, was unlawful.

Reminds of the banking scandal when they were making people take out PPI or whatever it was so they could get bigger bonuses

 

[Minusorange]

after lobbying by some of the UK’s biggest lenders

I like lobbying is just a fancy/legal term for bribery

 

[Freakbro]

I hope she dies. Another compensation culture quashed.

That's a bit strong!

I think you meant does

 

[shifty_uk]

I hope she dies.

bit harsh, can see this from both sides

 

[arknor]

I like lobbying is just a fancy/legal term for bribery

sounds more like collusion and corruption to me.

 

[200sols]

Everyone has just jumped on the bandwagon as usual.

 

[BubbySoup]

Am I being thick here or just mis-reading it?

It says nothing about her overruling the court, but rather changing the law - hasn't this been done previously with something else?

 

[Murphy]

When an article starts by saying someone could do something, or is considering it, my brain instantly files it under click-bait.

 

[413x]

Wondered why my CBG shares shot up

 

[Hagar]

That's a bit strong!

I think you meant does

bit harsh, can see this from both sides

You are right, unfortunate typo i wish nobody dead.

 

[Jokester]

I hope she does. Another compensation culture quashed.

I'm of the same opinion. If somebody doesn't shop around, that's their choice.

 

[Penfold101]

When an article starts by saying someone could do something, or is considering it, my brain instantly files it under click-bait.

Betteridge's law of headlines - Wikipedia

en.m.wikipedia.org

 

[slinxy]

sorry asking as a person who has never had a car finance loan, but has had personal loans, purchase loans and mortages...
How do you get missed sold a car fnance loan? They literally give you a contract to read and sign! what's the excuse? I'm too dump to read and understand it but I signed it anyway?

 

[darkgen]

sorry asking as a person who has never had a car finance loan, but has had personal loans, purchase loans and mortages...
How do you get missed sold a car fnance loan? They literally give you a contract to read and sign! what's the excuse? I'm too dump to read and understand it but I signed it anyway?

Begs the question, why the government is getting involved in private commercial contracts and potentially retrospectively changing it. What the hell has it to do with the government? *wink*

 

[shifty_uk]

sorry asking as a person who has never had a car finance loan, but has had personal loans, purchase loans and mortages...
How do you get missed sold a car fnance loan? They literally give you a contract to read and sign! what's the excuse? I'm too dump to read and understand it but I signed it anyway?

It’s a behind the scenes thing, broker(dealer) can inflate the interest rate to make their commission bigger. Punter doesn’t know there’s a kick back happening for the dealer.

I think if a dealer is getting a kick back, they must declare it.

Which is why you should shop about.

Edit: I think even if it’s in the contract, the dealer must make it blatantly obvious(read idiot proof) upfront.