Lloyds Bets on AI Mortgage Approvals While Motor Finance Scandal Remains Unresolved

Lloyds CEO Charlie Nunn said AI and blockchain could cut mortgage approval times to about three days. The bank also plans to expand its motor finance division, including an EV one-stop-shop app. In July 2026, the FCA ordered a partial suspension of the car finance compensation scheme, leaving Lloyds' exposure from the long-running commission scandal uncertain.