FSA Welcome Banks Climb Down

BANKS LOSE PPI HIGH COURT CASE
BANKS LOSE PPI HIGH COURT CASE

The Financial Services Authority (FSA), the regulator of the Banks and lenders have been right all along with their view regarding their analytical and critical assessment of how ppi was mis-sold to borrowers.  From small ppi loans to ppi loans over ¬£100,000, mortgages, credit cards, car purchase and home improvement loans, the mis-selling of loans with ppi has been widespread.  Banks have now withdrawn their legal challenge and will begin to pay back mis-sold ppi where appropriate.

The FSA in their Statement say:-

09 May 2011

The Financial Services Authority (FSA) welcomes the decision by the British Bankers' Association (BBA) and Nemo Personal Finance (Nemo) to accept the High Court's dismissal of their legal challenge to the FSA's payment protection insurance (PPI) measures.

Banks must now get on with handling all PPI complaints and paying redress where appropriate - the FSA stands ready to work with them on the practical implications of this.

Today signals the end of years of poor PPI complaint handling and will trigger a dramatic improvement in the way customers are treated when making complaints. There have been more than 1.5 million complaints made about PPI since the FSA took over regulation of PPI in 2005.

 

DEMAND BACK YOUR MIS-SOLD PPI NOW

Banks and lenders have now decided to throw in the towel in the High Court Test Case and will now pay you back PPI.  Claim back ppi from Banks and Lenders now.  You could be entitled to ¬£Thousands.

CLAIM FORM

CONTACT US

TEL: 0151 431 0548 (land line) or FREEPHONE 0800 011 2757

STILL NOT SURE?

Please read our PPI TESTIMONIALS and read our PPI NO WIN NO FEE GUARANTEE. Quite simply you have nothing to lose by instructing professional PPI SOLICITORS as we are only paid if we win and NO UP FRONT CHARGES.

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