Lloyds accused of selling car loans incorrectly, faces lawsuit of $87.9 million, according to FT

People are seen walking past a branch of Lloyds Bank located in London, United Kingdom, on January 28, 2026. REUTERS/Jack Taylor/File Photo Purchase Licensing Rights, opens new tab

March 27 (Reuters) – Lloyds Banking ​Group (LLOY.L), opens new tab is preparing for a legal challenge from over 30,000 customers who are claiming 66 million pounds ($87.87 million) in compensation due to improperly sold vehicle financing, the Financial ⁠Times reported on Friday.

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($1 = 0.7511 ​pounds)

Reporting by Raechel Thankam ​Job in ​Bengaluru; Editing by ​Tasim Zahid

Source: : www.reuters.com