Banks will pay out “substantially less” compensation for hidden commission in car finance loans than they did during the ...

French insurer AXA won a London court ruling on Friday worth nearly 675 million pounds ($908 million) against Santander over ...

Lenders like Lloyds Banking Group will pay punters who took out unfair car loans up to 18 bln pounds. Yet it could have been ...

The judgment finds Santander liable for AXA's losses resulting from Santander's mis-selling. At a hearing in London today, the Judge awarded AXA damages, interest, and costs of approximately £680 ...

The study is the latest example of the FCA's Consumer Duty push, and is likely to evoke memories of the mis-selling of payment protection insurance on loans, or PPI, between 1990 and 2010.

Royal Bank of Scotland (RBS) on Wednesday lost two lawsuits over unfair commissions that were charged to customers who were sold payment protection insurance (PPI), potentially increasing lenders ...

During the 1990’s, an 8th Circuit Court ruling and the Gramm-Leach-Bliley Act reinforced the OCC’s claims, moving payment protection firmly out of the “insurance” realm. The agency issued a rule in ...

Florida drivers must have $10,000 in PIP insurance, the maximum amount of money (or “limit”) your insurance company might pay for injuries you and your passengers sustain after a car accident.