Barclays PPI News Latest - Barclays to pay out PPI on older claims

Barclays To Pay Out on All Older PPI Claims

Announced in the news today on TV and online, Barclays Bank is to repay all its PPI customers without any admission of liability.

Reported in the Guardian

Barclays has announced it will compensate all customers who complained they had been mis-sold payment protection insurance (PPI) before 20 April on a "no questions asked" basis.

The payments, which the bank says are intended as a "gesture of goodwill", will comprise all premiums paid plus any added interest. A spokesman refused to say how many customers had complained by that date, but several tens of thousands are believed to be in line for substantial payouts by the end of August: the bank set £1bn aside earlier this year to meet PPI compensation costs.

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Barclays PPI, Barclays PPI claims: Lloyds PPI Claims, Blackhorse PPI Claims, HBOS PPI Claims, Collectively the banks and leders are said to have put aside £10 Billions to pay out PPI mis-sold policies. 

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