No evidence of damage to the motor financing scandal, says Lloyds Bank boss with MPs

Lloyds Banking Group Chief Executive was before grilling from the Treasury Select Committee On Tuesday about the historical commitment of the lender opposite the motor financing market.

Charlie NunnThe bank's head said there was “no evidence of damage” from the company's business activity on the car financing market.

The scandal in the sector went to the Supreme Court in early April when the lenders for an increase in Court of Appeal Decision that it was illegal for banks to pay a car dealer a commission without the customer's declaration of consent.

Now said he was expecting a decision from the country's highest court in July. But now affirmed Lloyds “have no evidence of damage or that we broke the regulation”.

Instead, the banker said that “Court of Appeal Seems to be contradictory in the contradiction to 30 years and, according to the judgment of the court, called for a “clarity”.

“Without clarity, it will create a functional disorder on the market,” he warned.

Lloyds heads the package for supplies that are reserved for the motor financing scandal with 1.2 billion GBP.

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