Blog Category: mis-sold PPI


FOS admits it ‘failed to get to grips’ with cases

FOS admits it ‘failed to get to grips’ with cases

The Financial Ombudsman Service (FOS) has admitted it ‘failed to get to grips’ with almost one in ten of the cases it dealt with in 2018.

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CYBG still receiving 1,800 new PPI claims a week

CYBG still receiving 1,800 new PPI claims a week

CYBG – the parent company of Clydesdale and Yorkshire Banks – is still receiving around 1,800 new PPI claims a week.

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FCA orders banks to re-examine rejected claims

FCA orders banks to re-examine rejected claims

Around 150,000 consumers whose PPI claims were previously rejected are to have their cases re-opened because of a tightening of the rules governing investigation.

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PPI costs push Shop Direct into the red

PPI costs push Shop Direct into the red

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Santander has £246 million left for PPI

Santander has £246 million left for PPI

With just months to go before the PPI claims deadline in August, Santander has revealed that it has £246 million remaining in its contingency fund to pay future successful claims.

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PPI payout heads for £34 billion

PPI payout heads for £34 billion

The total payout for mis-sold PPI is heading for £34 billion, just months before the PPI claims deadline in August.

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PPI NEWS UPDATE – JANUARY 2019

PPI NEWS UPDATE – JANUARY 2019

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PPI NEWS UPDATE – DECEMBER 2018

PPI NEWS UPDATE – DECEMBER 2018

PPI compensation breaks the £33 billion barrier

The total amount of compensation paid for the mis-selling of PPI by Britain’s financial industry has broken the £33 billion barrier.

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Britain’s ‘bad bank’ sets aside £44.1 million for PPI

Britain’s ‘bad bank’ sets aside £44.1 million for PPI

Britain’s ‘bad bank’ has set aside another £44.1 million to pay out future successful PPI claims.

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PPI NEWS UPDATE – November 2018

PPI NEWS UPDATE – NOVEMBER 2018

Payouts continue to rise

Latest PPI figures released by the Financial Conduct Authority (FCA) revealed that lenders have paid £32.9 billion between January 2011 and September of this year.

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