Financial Ombudsman’s 10 most complained about banks and firms- Guess which two stand out the most

Posted by & filed under Banks, Financial Regulators, PPI, PPI Refund, PPI Scandal.

ppi bank complaints

A tremendous increase in the number of cases has been witnessed in the recent years by ombudsman in relation to mis-sold PPI policies. An increase of 13% has been experienced in the past few years. Approximately, two thirds of the complaints were accounted for ten firms in the first six months of this year. Statistics… Read more »

Banks payouts nudge £30bn as FCA prepares £42m advertising to encourage more claims

Posted by & filed under Banks, Financial Regulators, PPI Deadline.

PPI

According to FCA (Financial Conduct Authority), ‘there has been an increase in payouts since the month of May.’ The cumulative amount was approximately around £260m. This amount is believed to be the highest amount paid so far to the customers. As a matter of fact, there are more claims that are likely to be filed… Read more »