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News Articles

FCA 'disagrees' with 60% of smaller banks PPI claims

30th September 2013

Sixty percent of PPI compensation claims handled by some smaller lenders have been challenged by regulators for being unfair to customers. Don't let banks tell you NO when you are entitled to a refund - let us fight on your behalf at RTC.

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Posted in Financial Conduct Authority, PPI, PPI Complaints, Banks, Compensation, Mis-sold PPI, Complaint Handling, Lloyds Banking Group

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.

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

Banks call for PPI time limits...

21st January 2013

The UK's banks have asked the Financial Services Authority to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.

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Posted in PPI, Banks, UK, Payment Protection Insurance, Deadline, Financial Services Authority, Mis-selling Scandal

UK Economy to be boosted by £6bn in 2013, thanks to Mis-sold PPI compensation

3rd January 2013

This year, the UK economy is set to be given an unexpected boost of £6bn, in light of the increase in claims against mis-sold Payment Protection Insurance.

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

Nationwide profits hit by PPI payouts

27th November 2012

Nationwide has reported a sharp fall in half-year profit after setting aside a further £45 million to compensate customers who were wrongly sold Payment Protection Insurance (PPI) policies.

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Posted in PPI, UK, Banks, Nationwide, Mis-selling Scandal, Mis-sold PPI, Building Society