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@ The Guardian World
2025-05-26 04:15:40
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https://i.guim.co.uk/img/media/16c84e98c47cf9ef551d2c758df3d44e6e86ae0b/2_0_3687_2949/master/3687.jpg?width=140&quality=85&auto=format&fit=max&s=721791c4f7cb0038cec483e40e78a2ac
Lenders’ routine purging after six years means details of some car buyers due compensation may have been lostConsumers are at risk of losing £1bn of compensation over inflated car loans because high street banks and specialist lenders deleted their data, claims lawyers have warned.Borrowers, banks and the government are anxiously awaiting a ruling from the supreme court that could spark one of the biggest redress schemes since the £50bn payment protection insurance (PPI) saga. Continue reading...
https://www.theguardian.com/business/2025/may/26/about-1bn-in-car-loan-compensation-at-risk-because-data-deleted-lawyers-warn