U.K., Australian lawmakers crack down on dealer markups (Under the Hood)
ANZ Bank to shell out $58M to settle class-action lawsuit
Dealer markups are taking center stage in several lawsuits that could alter the auto finance landscape overseas. The U.K. Court of Appeals, the country’s second-highest court, ruled in favor of consumers last week in a landmark case that holds lenders accountable for commission-disclosure practices in auto finance agreements. Meanwhile, ANZ Bank agreed to pay $58 […]
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