The importance of the upcoming Supreme Court decision on Johnson
The anticipated Supreme Court judgment in Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited and Hopcroft & Another v Close Brothers Limited (“Johnson”), expected in July 2025, will address pivotal questions regarding broker and lender liability in motor finance commission cases. The appeals of Johnson & Others concern the disclosure of commission payments to car dealers and their disclosure to customers. The decision has the potential to significantly influence any future redress scheme, with the Financial Conduct Authority (FCA) expected to announce its position within six weeks of the ruling.
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