February 23, 2012

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PPI News – What Now For PPI Refunds?

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In a recent judicial review, brought by BBA (principally), against the updates of the Financial Services Authority (FSA) and Financial Ombudsman Services (FOS), and the judges rejected BBA’s arguments claiming the rules were unfair because they were retrospective. The BBA isn’t going to ask for an appeal; therefore, all the claims which were put on [...]

PPI News-HSBC Given More Time to Deal with PPI Complaints

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Due to the high volume of complaints and claims which banks have been getting after the judicial hearing early in 2011, HSBC has been allotted extra time by the Financial Services Authority (FSA) to deal with the claims and complaints which they cannot keep up with, due to the millions of filings by consumers in [...]

PPI News- Change Your PPI Policy And Save Thousands!

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Although you can obtain PPI coverage from your lender, it is not always needed. Make sure you need the coverage before purchasing it, because it can get very expensive to obtain. However, if you do decide to purchase PPI insurance, decide on the right coverage for your needs, in order to save the most money. [...]

Banks Finally Lift Hold on PPI Claims

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British banks can no longer maintain their position that they can withhold PPI Claims. They have decided not to contact people on their own however. If you have a loan, you may want to go check the documents covering the loan to see if you were sold payment protection insurance. Millions of people in the [...]

PPI News Lloyds – Says Sorry for Misselling PPI

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One of the bigger banks who have been charged with mis-selling customers in the UK, Lloyds Banking Group has apologized for flogging individual consumers with PPI policies, which were worthless to the consumers. The banking group promised a large list of solutions to provide for compensating the victims of these mis-sellings, and try to resolve [...]

PPI Latest News – Barclays Agree To Settle PPI Complaints

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It is a wise move by Barclays to settle the numerous law suits relating to their administration of the popular Payment Protection Insurance plans’ customer complaints. They can well afford to since their bottom line has been greatly swelled by the program. In the future, the consumer can only hope that these will be the [...]

PPI – Has Your Lender Already Been Fined?

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Recently in the UK, many bankers have been fined and ordered to pay back the individual consumers who have loans through their banks. Due to a recent judicial hearing earlier in 2011, the banks were found to be guilty of mis-selling clients, and not telling them that they were being sold PPI insurance on their [...]

PPI News- CAB Advices DIY PPI Claims /

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Due to the recent judicial hearing early in 2011, many banks, especially those owned and managed by BBA, are facing the reality of having to pay thousands of insured individuals a refund, due to charging them for PPI insurance which was added to their bank loans without their knowledge. These PPI insurance policies, were costing [...]

PPI News – What Now For PPI?

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PPI, (also called as Payment protection insurance, credit safety insurance, loan refund insurance, not to be mistaken with income safety or credit card cover) is an insurance manufactured goods that is often intended to cover a debt that is at present exceptional (only income fee protection, or the rivalry Commission chosen term “short period IP” [...]

HSBC Given More Time To Deal With PPI Complaints

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HSBC has been accorded extra time by the Financial Services Authority (FSA) to work through a backlog of complaints about payment protection insurance policies (PPI). The FSA has granted the HSBC bank the same leeway given earlier this week to Lloyds, Barclays and RBS. Normally they would have to deal with complaints within eight weeks. [...]