The high street banking giant is launching a judicial review of a Financial Ombudsman Service decision to uphold a complaint over car finance commission it paid in 2018, Sky News learns.
By Mark Kleinman, City editor @MarkKleinmanSky
Barclays has launched a legal challenge over a ruling that it unfairly paid commission to a car finance broker, underlining growing anxiety among Britain’s biggest lenders about the potential scale of an industry-wide compensation bill.
Sky News has learnt that Barclays is mounting a judicial review against the Financial Ombudsman Service (FOS) over a decision last June that the bank “failed to act fairly and reasonably” in the case of a customer – known only as Miss L – who was…
