Lloyds set for records PPI fine Rumours are starting to surface from the Financial Conduct Authority that Lloyds Bank Group are set to be hit with the biggest fine to date for mis-handling PPI complaints. If the rumours are correct, and we believe they are, then the fine will be almost five times greater than […]

Broker sold PPI ruling gives hope A court case which has been rumbling on for some time has shed some new light on broker sold PPI policies. Many banks and lenders used brokers to introduce and set up credit agreements such as loans and mortgages for new customers. In return for introducing potential new customers […]

HSBC PPI compensation pot at £3bn Following on from recent news over the course of the last week that Barclays and RBS/Natwest had increased their provisions to compensate customers for mis-sold PPI, yesterday saw the turn of HSBC. The £60m addition to the HSBC PPI compensation pot, which also includes HFC and First Direct, sees […]

£257m set aside for RBS Packaged Bank Account bill We’ve long been saying that the next mis-selling scandal will be the mis-sale of Packaged Bank Accounts, PBAs for short, and todays news appears to have confirmed our thoughts. RBS and its sister bank Natwest, in releasing their quarterly figures to the city, have stated that […]