About £1bn in car loan compensation at risk because data deleted, lawyers warn
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6XHFX)
Lenders' routine purging after six years means details of some car buyers due compensation may have been lost
Consumers are at risk of losing 1bn of compensation over inflated car loans because high street banks and specialist lenders deleted their data, claims lawyers have warned.
Borrowers, banks and the government are anxiously awaiting a ruling from the supreme court that could spark one of the biggest redress schemes since the 50bn payment protection insurance (PPI) saga.
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