Lloyds Pushes AI Mortgage Approvals as Motor Finance Scandal Stays Unresolved

Lloyds CEO Charlie Nunn says AI and blockchain (a shared digital ledger) could shrink mortgage approvals to roughly three days. The bank also plans to grow motor finance, including an electric-vehicle app. But the FCA ordered a partial suspension of the car finance compensation scheme in July 2026, leaving Lloyds' exposure from the long-running commission scandal uncertain.