Lloyds Banking Group found itself back in the spotlight Monday, with UK regulators rolling out a taskforce to target motor finance claims companies—timed just ahead of the Financial Conduct Authority’s expected release of its final compensation rules. On top of that, the bank has a 66 million pound lawsuit hanging over it from upwards of 30,000 borrowers, who say they were mis-sold car loans. Timing is crucial for Lloyds. The bank has already put aside 1.95 billion pounds for the scandal, while the FCA earlier outlined a potential 11 billion-pound hit for the industry—ranking this among the UK’s most expensive consumer finance blowups. Whatever the watchdog decides after markets shut on Monday will set the pace for payouts, determine the
