Lloyds faces $87.9 million lawsuit

2026-03-27 - 16:30

Lloyds Banking ​Group is bracing for ‌a lawsuit by ​more ​than 30,000 consumers ⁠seeking ​66 million ​pounds ($87.87 million) in damages about ​mis-sold ​car loans, the ‌Financial ⁠Times reported on Friday. Read Also: UK lawmakers question Lloyds over account glitch that exposed customers’ details UK’s cross-party Treasury Committee has requested further explanation from Lloyds Banking Group over the causes of a glitch on March 12 ​that let some customers see other users’ transactions on ​the bank’s digital channels. “On the face of it, this ⁠is an alarming breach of data confidentiality,” committee chair Meg ​Hillier wrote to Lloyds CEO Charlie Nunn in a letter dated ​March 17. “We’re very sorry this happened,” a spokesperson for Lloyds said. “No action is needed from customers and there was no issue with account security.” Lloyds ​did not comment on how many customers were affected, and ​the extent to which their privacy or security could have been compromised by ‌having ⁠their transactions displayed to other users. Hillier asked Lloyds to provide details including the nature of the glitch, a timeline of its response, what personal information was inadvertently disclosed, and how it ​may compensate affected ​customers. The incident comes ⁠amid wider scrutiny of the robustness of banks’ digital channels such as apps and websites, as ​lenders in Britain slash their physical branch networks ​to ⁠cut costs and shift customers online.