Published by Global Banking & Finance Review®
Posted on March 27, 2026
1 min readLast updated: March 27, 2026
Add as preferred source on GoogleLloyds Banking Group is facing a class-action lawsuit from over 30,000 consumers seeking £66 million (~$87.9 million) in damages over allegedly mis‑sold car loans amid its long‑running motor finance mis‑selling scandal.
March 27 (Reuters) - Lloyds Banking Group is bracing for a lawsuit by more than 30,000 consumers seeking 66 million pounds ($87.87 million) in damages about mis-sold car loans, the Financial Times reported on Friday.
Reuters could not immediately verify the report
($1 = 0.7511 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Tasim Zahid)
Lloyds is facing a lawsuit over mis-sold car loans, with more than 30,000 consumers seeking damages.
Consumers are seeking 66 million pounds, or approximately $87.87 million, in damages.
The Financial Times reported the news, as cited by Reuters.
More than 30,000 consumers are involved in the lawsuit.
The main allegation is the mis-selling of car loans to consumers.
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