Barclays PPI compensation pot rises Barclays have today confirmed that they are having to set aside more money to compensate customers for the mis-selling of Payment Protection Insurance (PPI). The additional £150m added to the Barclays PPI compensation pot is becoming something of a regular occurrence. In fact the Barclays fund, which includes claims against […]
Clydesdale Bank handed huge fine Today the Financial Conduct Authority (FCA) issued its biggest single fine regarding the huge PPI mis-selling scandal. Far eclipsing the previous biggest fine of £7m, issued to Alliance & Leicester, the whopping £20.7m fine has been handed to Clydesdale Bank, which along with Yorkshire Bank, are owned by National Australia […]
MBNA PPI bill rises You may recall earlier this year I brought you news of various major banks all increasing their PPI bills to cover the cost of compensation. Yesterday saw the turn of MBNA, the second largest credit card provider in the UK behind Barclaycard. Increase from 2013 MBNA set aside just over £250 […]
Common PPI Questions Answered – Part 4 of 4 At Your Money Claim we answer a range of questions from people who need help making a PPI claim. We decided to publish answers to some of the most common questions that we’re asked by our customers, so please read on for help and advice on […]
Common PPI Questions Answered – Part 3 of 4 Your Money Claim’s third instalment of “Common PPI Questions: Answered” clarifies common areas of customer confusion when it comes to bringing a claim for mis-sold PPI. Read on for great help and advice: I have previously made a complaint and it was rejected, can I complain […]
Budget closes PPI tax loophole In yesterdays budget by George Osborne, he made a change that will have probably gone unnoticed in many of this mornings headlines, but it affects the banks and lenders that have been caught up in the huge PPI scandal. Corporation tax on profits Corporation tax for those who aren’t quite […]