PPI Complaints Continue to Plague the Industry

Posted by & filed under Banks, Mortgages, PPI, PPI Scandal.

Fresh complaints about the mis-selling of payment protection insurance continue to be a problem for the Financial Ombudsman Service. The ombudsman received over 40,000 PPI complaints between July and September after people were still finding that banks were still rejecting their claims for compensation. Over 50% of PPI complaints during this period were continuing a… Read more »

PPI Mis-Selling Scandal Hits £40bn

Posted by & filed under Banks, Mortgages, PPI, PPI Scandal.

Banks and financial services companies have astonishingly racked up over £40bn in costs associated to the mis-selling of payment protection insurance. PPI became the costliest scandal in UK banking history some time ago, however, Barclays announced this week that it had set aside a further £600m to handle the cost of further claims. Data collated… Read more »