Bank of Ireland Allocates €172m for Mis-Sold Car Finance Compensation in UK
2025-02-24
BBC
Bank of Ireland has earmarked €172m to compensate UK customers who were mis-sold car finance, potentially affecting millions of motorists. The move comes amid allegations of 'hidden' charges, with affected individuals in line for a payout. The bank's decision is expected to bring relief to those impacted by the mis-selling scandal, with car finance compensation claims set to rise. As the UK's financial regulator continues to crack down on unfair lending practices, Bank of Ireland's provision reflects its commitment to customer protection and compliance with financial regulations, including those related to consumer finance and auto loans.
