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News Articles

PPI wins are causing UK car sales to skyrocket!

16th May 2013

Claimants who have successfully claimed back PPI refunds are splashing the cash on new cars, family holidays and home improvements, according to The Sun...

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Posted in PPI, Mis-selling Scandal, UK economy, Banking, PPI Reclaim

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

PPI Claims rising at an "unprecedented" rate, says Financial Ombudsman Service

5th March 2013

It has been revealed today that the Financial Ombudsman Service is now taking on upward of 2,000 claims per day, as banks continue to struggle to deal with the large volume.

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

Lloyds fined for PPI Payment Delay by Financial Services Authority

19th February 2013

Lloyds Banking Group has been fined £4.3m for delaying compensation payments to customers over Payment Protection Insurance (PPI) mis-selling.

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Posted in PPI, Lloyds Banking Group, Mis-selling Scandal, UK, Banking

Ombudsman dealing with 11,000 claims per week

29th January 2013

A record level of 11,000 complaints a week about mis-sold Payment Protection Insurance were made to an ombudsman between October and December.

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Posted in PPI, Mis-selling Scandal, Financial Ombudsman Service, Claims, UK