Financial Ombudsman received higher than expected PPI complaints.

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

The Financial Ombudsman have received a larger number of PPI complaints than expected during the end of 2015. With the Financial Conduct Authority’s potential deadline looming closer, the Financial Ombudsman Service predicts it will receive a ‘higher than expected’ number of PPI complaints by March 2016. Although the large number of complaints is a daunting… Read more »

Over £100 Million Fine for Lloyds PPI Failures

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

The Financial Conduct Authority has fined the Lloyds Banking Group a record fine of nearly £200 million for failing to treat PPI claims in a fair manner. The record fine of over £100 million came after an investigation by the city watchdog into PPI complaints handling by the bank. The investigation focused on the period… Read more »

Previous Penalties for Misselling PPIs

Posted by & filed under Financial Regulators, PPI.

Many banks and finance companies have already been fined for mis-selling PPI policies and treating customers unfairly. If your PPI seller is one of them you may well be able to make a claim using the attached letter. Here’s an up to date list of companies that have been penalised so far, but it’s worth… Read more »