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David Morrey and Paul Garbutt discuss the recent Court of Appeal decision regarding motor finance complaints, which requires greater disclosure of commissions paid to brokers and explicit consent from borrowers.
Contents
This decision has significant implications for the industry, extending beyond regulatory requirements to contract law. During the episode we cover judgement overview, disclosure requirements, industry impact, implications for lending contracts and industry reaction, and risk mitigation.
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David Morrey I am a partner in our Financial Services Regulatory Advisory practice where I help clients dealing with the challenges of current regulation or emerging requirements.View Profile -
Paul Garbutt I am a leader of our financial (prudential) regulatory practice specialising in prudential regulatory advice and assurance to banks and investment firms.View Profile
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