Call us on 08455 61 61 61

News Article

Banks to hold crunch-talks on PPI claim deadline

7th March 2013

The four largest banks in the U.K are meeting today to discuss whether they are to push for a deadline for consumer PPI claims. 

Executives from Lloyds, Barclays, RBS and HSBC are hoping to secure an end to claims for mis-sold PPI, despite the fact that all four lenders played a part in what is set to be the biggest UK banking scandal of all time.

They are to decide whether the deadline should go ahead, which would require each bank to invest millions into a nationwide advertising campaign to encourage consumers to claim before the deadline of April 2014.

Individuals close to the situation have suggested that today's talks are the first of many and no decision will be reached on whether they wish to press ahead just yet. 

Source: Sky News

Posted in Banks, UK, PPI, Mis-selling Scandal, Banking, Payment Protection Insurance

Read more