general
Lloyds faces £66m claim from 30,000 car loan customers
Courmacs Legal will file a £66m omnibus suit for 30,000 borrowers against Lloyds unit Blackhorse over alleged mis-sold car loans as many customers opt out of the FCA redress scheme amid fears of low payouts.
Mar 27th 2026 · United Kingdom
Insights
- Courmacs Legal plans to file a £66m omnibus claim on behalf of about 30,000 borrowers against Lloyds motor finance arm Blackhorse.
- The claims relate to alleged overcharging caused by unfair commission arrangements between lenders and car dealers.
- Many customers are set to abandon the Financial Conduct Authority redress scheme amid concerns it will shortchange victims and favour lenders.
- Draft FCA proposals estimate average payouts of about £700 per claim while campaigners say average losses are nearer £1,500.
- Claims law firms typically take around 28% of successful payouts, while the FCA says its proposed scheme would be free to use.
- A Court of Appeal case due in April seeks to block group legal actions and could affect omnibus claims, but Courmacs says it does not expect delays.
Sources
- Almost half a million Lloyds customers had personal data exposed in IT glitch www.theguardian.com
- Lloyds faces £66mn car-finance lawsuit from 30,000 consumers www.ft.com
- Lloyds bank faces £66m court battle with car loan customers www.theguardian.com