MOTOR FINANCE

Oct 21 2025FINANCE

Bank of Ireland's Big Car Loan Bill

Bank of Ireland is facing a hefty bill. They've just doubled their estimate for compensating customers who were sold car loans they didn't need or understand. The new total? A whopping £350 million. That's a lot of money, and it's all because the UK's financial watchdog, the FCA, has changed the rules on how banks should put things right. So, what's the deal? Well, ...

reading time about 1 minute
Aug 19 2025BUSINESS

UK Car Finance: Big Changes Ahead

The UK's top court recently made a big decision. It said car finance companies might not have to pay as much money back to customers as previously thought. This could be a game-changer for the industry. The court's ruling means the total compensation bill might be less than half of what was initially estimated. That's a huge deal! Some experts think this could lead ...

reading time less than a minute