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News Articles

PPI Victims underpaid by £1 BILLION

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5th June 2014

PPI compensation victims have been reportedly underpaid by £1bn due to banks and credit card firms excluding penalty fees and charges from compensation calculations.

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Posted in Payment Protection Insurance, PPI, Compensation, Lloyds Banking Group, Barclays, MBNA, Capital One, mis-sold PPI, Financial Ombudsman Service, FOS, PPI Premiums

Barclays launches investigation into PPI calculation errors

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16th April 2014

An investigation has been launched into Barclays after a whistleblower warned of serious errors in the way taxation of interest paid to those handed PPI compensation is being calculated.

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Posted in PPI, Barclays, Financial Ombudsman Service, Financial Conduct Authority, PPI Compensation

Lloyds accused of short-changing PPI claimants

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27th March 2014

Lloyds Banking Group has been cutting the compensation it pays to PPI claimants, a BBC investigation has revealed. Have you been paid what you were entitled do?

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Posted in PPI, Lloyds Banking Group, Financial Ombudsman Service, Financial Conduct Authority

Ombudsman still receiving 1000 complaints a day on PPI mis-selling

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6th March 2014

More than 1000 complaints a day about mis-sold PPI continue to be sent to the Financial Ombudsman Service.

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Posted in Complaints, Financial Ombudsman Service, FOS, PPI, Bank of Scotland, Barclays, MBNA, HSBC, Lloyds TSB

Why are banks still rejecting legitimate mis-sold PPI claims?

16th September 2013

In 2011-12 the FOS found that 75% of cases referred to them after being rejected by the banks, were ruled in favour of the claimants. RTC have a proven track record of securing client wins after initial refusal, CONTACT US so we can fight on your behalf.

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Posted in PPI, UK Banks, Financial Ombudsman Service, Claims