Experts believe consumers could be missing out on millions of pounds in PPI compensation even though they may have already submitted a successful claim.
As Royal Bank Of Scotland (RBS) adds another £200 million to its PPI compensation fund, the Financial Conduct Authority (FCA) has announced the first year of its PPI deadline consumer awareness campaign has provoked a ‘clear increase’ in the number of new claims being made.
Tesco Bank is contesting a proposed £30 million plus fine from the Financial Conduct Authority (FCA) over the 2016 hack attack which attempted to steal cash from its customers’ accounts.
Millions of consumers across Britain are in increasing danger of missing the PPI claims deadline and losing the chance to find out if they are owed.
The banks have set aside billions of pounds to compensate customers who were mis-sold PPI, yet many consumers still haven’t checked if they have it.