Blog Posts Tagged with: ppi news

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** N.B. Please note that we accept no responsibility for any third party web site. News round up courtesy of Google. ** FSA mulls deadline for PPI claims on banks - sources Reuters UK With each billion pounds paid out in PPI compensation cutting the amount banks can lend in real terms by 10 billion pounds, the industry has lobbied regulators to put a limit on how much longer customers can have to... Read more
What now for payment protection insurance?  A huge number of new compensation claims could now build up Continue reading the main story In April 2011, the UK's banks lost an attempt to thwart new regulations on how they should sell payment protection insurance (PPI). Crucially, the rules lay down how the banks should deal with past cases of potential mis-selling of PPI, which will lead to an... Read more
Lates PPI Claims News Below are some of the PPI web pages which may be of interest.  We accept no liability or endorse any third party web site. 'PPI casts shadow on reputation of industry' Clydesdale Bank Set Aside £Millons mis-sold PPI Clydesdale Bank sets aside £100m for PPI claims PPI mis-selling claims swamp banks Complaints about payment protection insurance double and consumers... Read more
Banks Refusing To Pay Out PPI! Where borrowers have attempted but failed to claim back their ppi from banks and lenders, the banks are still refusing to look at the mis-selling of ppi in the light of the new FSA rules. The new FSA rules required to banks to review their procedures in selling PPI with the benefit of hindsight and greater stringent compliance. However according to the Daily Mail,... Read more
Will Banks Contact You If They Mis-sold You PPI? If you think that banks will contact you immediately following their failed test case in the High Court in April 2011 they you may have a long wait. The general view taken at this stage is that all Banks and Lender will only consider those ppi claims where the borrower has already made a ppi complaint. Thus the ppi claims in the system with ppi... Read more
Banks to Pay Off Backlog of PPI Claims The equitable thing to do now is to start to beginning to pay out PPI on the claims that are in the system.  Those which PPI Solicitors are dealing with (where court action has not been taken) and to the vast majority of other PPI refunds waiting with the Financial Ombudsman. Some PPI Claims  have been waiting to be paid out for over 12 months and... Read more
Payment Protection Insurance (PPI) scandal. (PPI News) that Claims Management Companies have reported a huge surge in business after high street banks last week abandoned their appeal against a High Court ruling. mis sold payment protection insurance ppi. Our PPI Claim Solicitor States that ... "whilst ppi claimants can make a claim direct, nevertheless if the past performance of... Read more
Should Banks Stop Selling PPI? The question has been raised before see Financial Services Authority FSA Now that the banks and lenders have lost in the High Court to challenge their Regulator on how to review and pay back mis-sold ppi when customers make a claims one begs the question should PPI be stopped. Is ppi claim solicitors view that PPI should not be stopped but simply regulated better.... Read more
PPI costs could be ‘double’ the prior estimate Story by: Aamina Zafar Magazine: FinancialAdviser Published Thursday , May 12, 2011 PPI CLAIMS - CLAIMING  BACK PPI COULD DOUBLE THE ESTIMATE According to one leading authority, The FT Adviser they claim that the original estimates to ppi claims compensation could dobule the original estimates provided by the Banks.  The following is an... Read more
BARCLAYS PPI CLAIMS - Claim back ppi from Barclays.  We are helping borrowers all over the Country to claim back ppi from Barclays bank.  If you have been mis-sold ppi from Barclays please contact us or fill in our Barclays PPI claim form. To read more information please click here CAN I CLAIM BACK BARCLAYS PPI? STOP PRESS*****STOP PRESS Barclays PPI, Barclays PPI claims: Lloyds PPI... Read more