Months after the final deadline for PPI complaints in August last year Gladstone Brookes is still recovering life-changing sums of money for its clients.
Blog Category: Banking
The total payout for PPI claims has topped £38 billion and still rising.
Britain’s Financial Ombudsman Service (FOS) has promised to ‘significantly’ reduce waiting times for complaints in 2020, but has warned the necessary recruitment could be affected by the coronavirus pandemic.
Britain’s financial watchdog wants firms to concentrate more in future on good outcomes for their clients than dedicating too many of their resources to redress and remediation.
Gladstone Brookes clients are continuing to receive life-changing sums of money as compensation for PPI they were mis-sold.
Fear over how the coronavirus will affect outstanding loans to companies struggling with the coronavirus pandemic could cost UK banks billions of pounds, claims a new report.
Tens of thousands of UK motorists could be owed compensation for mis-sold car finance loans known as personal contract plans (PCP) after a two year investigation found some motorists were paying £1,100 over the odds on their finance.
Britain’s Competition and Markets Authority (CMA) has forced Paymentshield to pay £380,000 compensation to hundreds of customers for breaches of PPI rules with further payments expected in the near future.
Six months after the PPI claims deadline on August 27th last year more than half of claimants have still had no decision on their complaint.
Pre-tax losses for the Co-operative Bank widened to £152.1 million from £140.7 million after the bank took a hit of £62.5 million for mis-sold PPI over the last year.