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.
Blog Category: Banking
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.
The European Union has fined five of Europe’s biggest banks €1,2 billion after traders conspired to rig the foreign exchange market.
Experts believe consumers could be missing out on millions of pounds in PPI compensation even though they may have already submitted a successful claim.