The Court of Appeal gave judgment earlier this week in McWilliam v Norton Finance (UK) Ltd (t/a Norton Finance in Liquidation) [2015] EWCA Civ 186 and held that the relationship between a credit broker and its consumer clients was fiduciary in character and that, as such, the broker was liable to account for commission received without the clients' informed consent.
Showing posts with label credit broker. Show all posts
Showing posts with label credit broker. Show all posts
Friday, 13 March 2015
UK: England and Wales: credit broker liable for commission received without clients' informed consent
The Court of Appeal gave judgment earlier this week in McWilliam v Norton Finance (UK) Ltd (t/a Norton Finance in Liquidation) [2015] EWCA Civ 186 and held that the relationship between a credit broker and its consumer clients was fiduciary in character and that, as such, the broker was liable to account for commission received without the clients' informed consent.
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