The most complained about bank in the first 6 months or 2011 is Lloyds TSB. According to the latest figures from The FOS LLoyds Banking Group prompted more complaints than any other. 19,569 complaints were dealt with about Lloyds in the firts six months of the year from January to June 2011. Lloyds Banking Group [...]
Latest News On PPI-Change Your PPI Policy And Save Thousands!
September 6, 2011 By
Although you can obtain PPI coverage from your lender, it is not always needed. Make sure you need the coverage before purchasing it, because it can get very expensive to obtain. However, if you do decide to purchase PPI insurance, decide on the right coverage for your needs, in order to save the most money. [...]
LLoyds Bank Apologized For PPI Mis-selling
September 6, 2011 By
One of the bigger banks who have been charged with mis-selling customers in the UK, Lloyds Banking Group has apologized for flogging individual consumers with PPI policies, which were worthless to the consumers. The banking group promised a large list of solutions to provide for compensating the victims of these mis-sellings, and try to resolve the [...]
Uk Bank Fail To Hit PPI Deadlines Set By Judicial Review
September 6, 2011 By
September 2011 UK banks, including HSBC, have failed to hit an extended deadline to clear their backlog of Payment Protection Insurance (PPI) misselling complaints. However, 97% of the 200,000 complaints not dealt with during the High Court judicial review earlier this year have now been resolved, with full offers of compensation sent out to valid [...]
PPI Judicial Review
September 6, 2011 By
PPI Judicial Review – Source ‘Which?’ Which? published an advert in The Times on 5 May calling on members of the British Bankers’ Association to admit defeat over the PPI judicial review. They did so on 9 May. Between 25-28 January 2011, the British Banker’s Association (BBA) went to court with the Financial Services Authority [...]
PPI Claims News-What Now For PPI Refunds?
August 6, 2011 By
In a recent judicial review, brought by BBA (principally), against the updates of The BBA isn’t going to ask for an appeal; therefore, all the claims which were put on hold during the case are being processed. Although it might take some time, these claims will be paid out.the Financial Services Authority (FSA) and Financial Ombudsman [...]
PPI News For 2012-Banks Finally Lift Hold on PPI Claims
August 6, 2011 By
British banks can no longer maintain their position that they can withhold PPI Claims. They have decided not to contact people on their own however. If you have a loan, you may want to go check the documents covering the loan to see if you were sold payment protection insurance. Millions of people in the [...]
PPI Latest News -Banks Finally Give In Over PPI Claims
August 6, 2011 By
Dissimilar financial institutions and lending companies contract with a get back and other payment protection insurance related complaints in a different way. However, there are simplified treads which you can go after in your payment protection insurance exclaim procedure .The first opportunity is to protest to your bank or lender. Note down a letter to [...]
PPI Claims News -Lloyds Says Sorry For Misselling PPI
August 6, 2011 By
One of the bigger banks who have been charged with mis-selling customers in the UK, Lloyds Banking Group has apologized for flogging individual consumers with PPI policies, which were worthless to the consumers. The banking group promised a large list of solutions to provide for compensating the victims of these mis-sellings, and try to resolve [...]
Latest PPI News -Barclays Agree To Settle PPI Complaints
August 6, 2011 By
It is a wise move by Barclays to settle the numerous claims relating to their administration of the popular Payment Protection Insurance plans’ customer complaints. They can well afford to since their bottom line has been greatly swelled by the program. In the future, the consumer can only hope that these will be the last [...]