Motor finance lenders warned of ‘gridlock’ as £9bn scandal clogs rearview

City AM — Apr 27, 10:10 AM

Lloyds owns the country's largest motor finance lender, Black Horse. https://www.cityam.com/wp-content/uploads/2026/03/lloydspic.jpeg?w=1107" />

The UK’s top banks are gearing up to put the long-running motor finance scandal in the rearview mirror but warning lights on the dashboard suggest they may still face “gridlock” on the multi-billion pound saga.

FTSE 250 lender Vanquis became the latest on Monday to confirm it would not lodge a legal challenge against the https://www.cityam.com/motor-finance-lenders-warned-of-gridlock-as-industry-looks-to-kick-9bn-scandal-to-rearview/">[...]

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