Blog Category: PPI


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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CYBG pushed into loss after £150 million PPI hit

£150 million PPI hit pushes CYBG into loss

A £150 million increase in its PPI compensation provision has pushed high street banking group CYBG into a £145 million loss on the year.

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Is the PPI deadline advertising really working?

Is the PPI deadline advertising really working?

With less than a year to go before the PPI deadline the consumer awareness campaign does not appear to be reaching all of its intended targets.

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FCA orders firms to re-open 150,000 cases

FCA orders firms to re-open 150,000 cases

The Financial Conduct Authority (FCA) has ordered financial firms to contact 150,000 people with previously rejected claims to say they can make a new complaint about non-disclosure of commission.

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Lloyds cuts 6,000 jobs but creates 8,000

6,000 jobs to go at Lloyds – and 8,000 to be created

Lloyds Banking Group (LBG) – Britain’s biggest high street lender – is planning to axe 6,240 jobs as part of a £3 billion restructure, but will then create 8,240 new posts to run a newly digitised operation.

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PPI pumps billions back into the British economy

PPI pumps billions back into the British economy

With just weeks to go before Santa brings the happiness of Christmas to families all over the country, Britain’s banks are pumping £1/3 billion a month back into the economy and helping parents buy bigger and better gifts for their children.

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PPI complaints highest for more than four years

PPI complaints highest for more than four years

The number of complaints for the mis-selling of PPI has shot up to its highest level in more than four years according to new figures from the Financial Conduct Authority (FCA).

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