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November 7, 2015 
Daniel Lee The latest figures from the Financial Conduct Authority (FCA) show the current cost paid out to customers in relation to mis -selling payment protection insurance has hit £12 BILLION. (Source – Financial Conduct Authority) The PPI mis-selling scandal showed no signs of decreasing in the first half of 2013 which drove complaints to […]
November 7, 2015 Daniel Lee Clydesdale Bank has become the latest victim accused of cutting its compensation bill for Payment Protection Insurance (PPI) by destroying customer details. The concerns brought forward by HUNDREDS of potential claimants say their claims were dismissed as the bank was unable to provide account records dating back more than seven years. Clydesdale says it […]
November 7, 2015 Daniel Lee The Financial Ombudsman Service revealed a record high of 327,035 complaints for the first half of 2013. The latest report shows that 266,228, 86% of all new complaints made were regarding mis-sold PPI (Payment Protection Insurance). The four big banks account for over £15bn of the total £17.9bn provision set aside for PPI mis-selling […]
November 7, 2015 Daniel Lee The latest saga regarding Payment Protection Insurance (PPI) found new problems with complaint handling procedures by many financial firms. The Financial Conduct Authority’s (FCA) latest report shows two thirds of the 18 companies spot checked have been handling PPI complaints unfairly, leaving just six to be delivering fair outcomes. The companies in question were mid-sized […]
November 7, 2015 Daniel Lee Talks by various Banks regarding an agreed deadline for the end of Payment Protection Insurance (PPI) compensation failed due some of Britain’s largest lenders being unable to reach a decision. This means that many of Britain’s largest lenders could potentially face several more years of handling PPI Claims as the industry continues to be flooded with customers reclaiming […]
November 7, 2015 Daniel Lee Lloyds Banking Group has reportedly been fined up to £4.3 million by the City watchdog today it was revealed. Approximately 140,000 Lloyds TSB customers have had their payment protection insurance (PPI) compensation payments delayed. The customers were not paid redress within 28 days of receiving a decision letter and almost 9,000 had to wait more than six months […]
