UK's Close Bros granted permission to appeal motor finance ruling
Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026

Close Brothers has been allowed by the UK Supreme Court to appeal a ruling on motor finance commission disclosures, affecting their business operations.
(Reuters) - British lender Close Brothers on Wednesday said that it had been granted permission by the UK Supreme Court to appeal a ruling that needed motor finance brokers to fully inform customers about commissions when taking out car loans.
The lender had paused writing new motor finance business in late October following the court ruling.
(Reporting by Yamini Kalia in Bengaluru; Editing by Maju Samuel)
The main topic is Close Brothers' appeal to the UK Supreme Court regarding a motor finance ruling on commission disclosures.
Close Brothers paused their motor finance business due to a court ruling requiring brokers to disclose commissions.
The appeal involves a ruling that mandates motor finance brokers to inform customers about commissions on car loans.
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