Court of Appeal

organization

Last mentioned: Mar 17, 2026

Timeline

  1. Mass Layoffs Announced

    Close Brothers confirms plans to cut nearly a quarter of its workforce to preserve capital.

  2. Landmark Court Ruling

    The Court of Appeal rules in favor of consumers, stating commissions must be fully disclosed and consented to.

  3. FCA Review Launched

    The FCA announces a formal review into historical motor finance commission arrangements.

  4. FCA Commission Ban

    The Financial Conduct Authority bans Discretionary Commission Arrangements (DCAs) in motor finance.

Stories mentioning Court of Appeal 1

Regulation Bearish

Close Brothers to Cut 25% of Staff Amid Motor Finance Legal Fallout

Close Brothers has announced plans to reduce its workforce by nearly 25% as it grapples with the financial and operational aftermath of the UK car finance commission scandal. The move follows a landmark Court of Appeal ruling that has significantly increased potential liabilities for lenders involved in non-disclosed commission arrangements.

7 sources

About Court of Appeal coverage

This page surfaces every story mentioning Court of Appeal across our legal coverage. We track each entity's appearance over time so readers can trace how the narrative evolves — which developments are isolated incidents, which build into longer arcs, and which reframe how operators in the space think about the entity. Story selection uses the same multi-source verification gate applied across the rest of our coverage.

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