The Effect of FSA’s Fine to Banks Regarding Mismanaged PPI Refund

Posted by & filed under Financial Regulators, PPI Deadline, PPI Refund, Uncategorized | Post Categories.

Lloyds bank fine

Banks had been fined by the city watchdog for delaying gripes regarding Payment Protection Insurance (PPI), whilst some of them were on alert to face similar actions. The banks had failed to process a considerable proportion of gripes because of a legal fight between the Financial Services Authority (FSA) and banks regarding how the issue… Read more »

Are Payments for PPI Refund Boosting the Economy?

Posted by & filed under PPI Refund, Uncategorized | Post Categories.

It is quite difficult to remember the year when the customers were forced to cope without the profits from one of the biggest mis-selling scandals. The Payment Protection Insurance (PPI) scandal has resulted in banks being punished and also being levied with finesthat add too administrative expenses already involved, for attaching such expensive insurance cover… Read more »

Is there a time limit to make an RBS PPI refund Claim?

Posted by & filed under PPI Deadline, PPI Refund, Royal Bank of Scotland PPI Claim, Uncategorized | Post Categories.

Financial conduct authority (FCA) is responsible for placing the time limit on Payment protection insurance (PPI). You can claim your mis-sold PPI policy up to the end of August 2019, and in order to make a claim, it is important for you to start collecting your evidences and documents, and apply before the deadline. Reason… Read more »

PPI Complaints Dominate FCA Data as Clock Ticks down to Reclaim Deadline

Posted by & filed under Financial Regulators, PPI Deadline, PPI Scandal, Uncategorized | Post Categories.

Consumers have received around £1.9 billion in redress payments in the second half of the last year, with Payment Protection Insurance (PPI) acquiring the top position in the list of most criticised about product, as per the figures published by the Financial Conduct Authority (FCA). The sum total of gripes reported by companies in the… Read more »