Tag Archives: finance

NYC campaign finance board denies Mayor Eric Adams millions in matching funds  Politico NYC Mayor Adams denied $3M in matching funds as finance board calls his responses ‘misleading’  New York Daily News Campaign Finance Board Rejects Adams Bid for Matching Funds  THE CITY – NYC News Eric Adams denied campaign matching funds again as board claims lawbreaking  Crain’s New York Business Campaign finance dustup …

Emer Moreau Business reporter, BBC News Getty Images The financial regulator’s proposed compensation scheme for car finance mis-selling is “completely impractical”, the trade body for the industry has said. The boss of the Finance and Leasing Association (FLA) told the BBC there was concerns over the redress scheme potentially covering loans from as far back as 2007, as firms and …

Victims of car finance mis-selling will likely get less than £950 per deal under a compensation scheme proposed by the financial regulator, with the first payouts expected next year. The Supreme Court ruled on Friday that hidden commissions from lenders to dealers on car loans were not unlawful, meaning millions of motorists will not be able to claim. However, the …

There may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court’s ruling, but it is unlikely you will hear the champagne corks popping. The verdict does almost certainly reduce the potential compensation bill significantly. Lenders no longer face the prospect of having to pay £30bn to £40bn to aggrieved car buyers. …

UK Supreme Court overturns ruling on motor finance commissions in win for banks  Reuters Millions denied car finance compensation payouts after Supreme Court ruling  BBC Car loan scandal: what the supreme court ruling means for drivers and the UK economy  The Guardian Lenders Get Reprieve in UK Motor Finance Case From Top Court  Bloomberg Relief for banks as Supreme Court curbs £44 billion motor …

UK Supreme Court overturns landmark ruling on motor finance commissions  Reuters Millions denied car finance payouts after Supreme Court ruling  BBC Supreme court hands partial win to car finance companies over compensation claims  The Guardian Lenders Get Reprieve in UK Motor Finance Case From Top Court  Bloomberg Top UK court to rule on car finance mega-scandal — with billions at stake  CNBC Source link

At a glance: The car finance scandalpublished at 15:05 British Summer Time 15:05 BST Kevin PeacheyCost of living correspondent Image source, Getty Images The vast majority of new cars, and many second-hand ones, are bought with finance agreements where customers pay an initial deposit, then a monthly fee with interest. Two accusations of mis-selling have raised the possibility of wide-scale …

Kevin Peachey Cost of living correspondent Getty Images A ruling by the UK’s most senior judges later could pave the way for millions of motorists to claim compensation for motor finance mis-selling. The Supreme Court will decide whether or not to uphold an earlier ruling which found that hidden commission payments to car dealers were unlawful. Around nine in 10 …

Trump Crypto Group Unveils Proposals to Boost Digital Finance  Bloomberg The White House is pushing to embed crypto everywhere, from taxes to retirement  Axios White House in crypto policy report calls for SEC action, new legislation  Reuters A White House Report Could Be Bitcoin’s Next Catalyst. Expectations Are Too High.  Barron’s White House unveils crypto policy ‘roadmap’ meant to usher in ‘golden age’  ABC News …

WASHINGTON — The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $89.8 billion of privately-held Treasury notes and bonds maturing on August 15, 2025.  This issuance will raise new cash from private investors of approximately $35.2 billion. The securities are: –     A 3-year note in the amount of $58 billion, maturing August 15, …