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Within weeks of the PPI claims deadline a former business manager from a high street bank has revealed the tactics used to mis-sell PPI to tens of thousands of people.
Blog Category: Personal Finance
Britain’s financial industry suffered a 1,000% increase in cyber related events in 2018, including more targeted hack attacks a cyber security specialist has revealed.
A powerful group of MPs and peers is backing a demand for an investigation into alleged forgery by British banks on repossession documents and court debt recovery papers.
The last minute rush to make a claim for potentially mis-sold PPI before the claims deadline has ‘gone nuclear’ according to one bank official.
The Bank Of Scotland has been fined £45.5 million for failing to report suspicions about a £245 million fraud scandal which saw six people jailed.
As the countdown to the PPI claims deadline continues, speculation is rising about what the final total will be for what has become one of the largest financial scandals in British history.
NatWest has become the most complained about bank for fraud as the overall level of fraud continues to rise with 84,000 people losing money in 2018.
With less than 100 days to go to the PPI claims deadline in August, CYBG – the former Clydesdale-Yorkshire Bank – has added another £30 million to its PPI provision.
The great PPI claims scandal takes a step nearer its conclusion as we have now passed the 100 days to deadline marker, but banks are still paying out millions of pounds a month on successful claims.