Finance industry calls for halt on commission cases following shock ruling

The motor finance industry is urgently calling for a pause on regulatory action on all complaints and a stay on court cases involving commission payments.

In an unexpected ruling on Friday, the Court of Appeal delivered a judgment that shocked all those involved in lending to fund car purchases including finance houses, brokers and car dealerships.

Adrian Dally, director of motor finance and strategy at the Finance and Leasing Association, briefing journalists today, talked extensively about the impact of the decision, its repercussions for industry operations, and outlined what action could help bring a return to stability to the market.