Thousands of Britons are complaining to the Financial Ombudsman Service about being mis-sold unaffordable guarantor loans, new figures reveal, as Payment Protection Insurance was finally dethroned as the most complained about financial product. Complaints about PPI numbered 6,679, meaning it was not the most complained about product in a three-month period for the first time … Read more
Taxpayer-owned NatWest blasted over legal costs for new PPI cases NatWest – 62% state-owned – has been slammed for wasting taxpayers’ money It is thought to have spent in excess of £10,000 on individual court cases Judge S. Mitchell questioned why it was spending so much defending a PPI claim By Emma Dunkley For The … Read more
New PPI gold rush: Ruling on hidden fees may spark millions of fresh payout claims… even from people who were happy with their policy Banks have forked out £38billion for mis-selling payment protection insurance Court rulings have found some policies ‘unfair’ due to hidden commission fees Commission accounted for more than 95 per cent of … Read more
Millions of Britons could demand lucrative PPI pay-outs in ‘second wave’ of compensation after courts find products were ‘unfair’ Court rulings say PPI was ‘unfair’ because banks did not disclose commissions Commissions on some products amounted to 95 per cent of the cost of policy The deadline for making a PPI claim was set by the … Read more
City watchdog reveals victims lodged more than 20,000 PPI claims per day against banks and other lenders in huge rush to meet final deadline By Matt Oliver For The Daily Mail Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 Victims of Britain’s biggest ever mis-selling scandal lodged more than 20,000 … Read more