PPI

PPI Information

PPI News-Financial Ombudsman Criticises Insurers For PPI Misselling

Composite Bank Notes

PPI Claims are going to cost banks billions in compensation to consumers. This industrial mis-selling which took place was not going unnoticed in the insurance sector, yet nothing was being done, and consumers were paying the price; at least from Financial Ombudsman Service’s perspective (FOS). An FOS spokesperson claimed that the insurance industry is in [...]

PPI News – What Now For PPI Refunds?

making_money_online

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 Lloyds – Says Sorry for Misselling PPI

images1

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

degf

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 News- CAB Advices DIY PPI Claims /

degf

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?

Cash

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

making_money_online

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. [...]

PPI News- Banks Lift Hold On PPI Claims. Don’t Miss Out!

3366720659_b746789dfd

Banks lift hold on payment protection insurance. You should not miss this opportunity to get your PPI now. This is an excellent way to pay your outstanding debts. You can call now to inquire about eligibility. They offer free quotes. They will take the stress from your day. These services they offer are highly guaranteed. [...]

PPI News – Banks Give In Over PPI Claims

images1

The British Bankers’ Association (BBA) has chosen to cease contesting a High Court ruling that would compel banks to review past PPI sales and offer reparation in cases of mis-selling. After both the Lloyds Banking Group and Barclays pulled out of the case, much of the BBA’s support was lost, which likely lead to its [...]

PPI News – Lloyds Says Sorry For PPI Mis-selling

image-on-money-5

The UK’s largest PPI seller, with an estimated 40% market share, admits some of its sales processes were flawed and concedes it didn’t always treat consumer complainants fairly in the past. Lloyds said they will recruit and train 500 staff to handle complaints and it will listen to complaints it previously rejected. Lloyds has made [...]