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

Posted by & filed under 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 »

Are PPI Victims Being Under Compensated?

Posted by & filed under Uncategorized | Post Categories.

Despite the ongoing scandal of PPI recently, a more serious issue came into light when it was found that victims have been under-compensated for the PPI policies that were mis-sold to them. Studies have shown that PPI victims have been under compensated by approximately £1 billion. Initially, customers were offered PPI policies along with credit cards,… Read more »

PPI claims deadline

Posted by & filed under Uncategorized | Post Categories.

Some documents from the Financial Conduct Authority show that it plans to impose a two-year cut-off for PPI complaints. A report has shown that documents obtained by a claims management company – one that helps PPI claimants, has shown that the FCA is very close to announcing it will press ahead with a maximum 2… Read more »

PPI Failures Lead to Fines

Posted by & filed under Uncategorized | Post Categories.

The parent company of a group of lenders has been fined over £2 million for the way in which it handled complaints about the mis-selling of Payment Protection Insurance. CT Capital’s failures meant that people were missing out on PPI compensation that was rightfully owed to them, the City watchdog, the Financial Conduct Authority confirmed… Read more »