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 »

Britain Is Using Arnold’s Terminator Head to Solve PPI Mis-Selling Cases

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

PPI Arnold

For some an ad about PPI can be a source of annoyance, especially if they have been subject to numerous cold calls about it from both legitimate as well as fake claim agencies. That is why the Financial Conduct Authority came up with a unique and appealing way of spreading awareness about the financial product… 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 »

World’s Largest Banks Face £264bn Bill for Poor Conduct

Posted by & filed under Banks, Financial Regulators, Lloyds PPI Claim, PPI, PPI Scandal, Royal Bank of Scotland PPI Claim.

worlds largest PPI banks

Legal bills, fines and expense of compensating mistreated consumers has reached around £264bn for 20 of the world’s largest banks for over five years up to 2016, as per the new research, which raises doubt regarding the efforts put in by major financial services players in order to restore trust in the sector.   This… Read more »