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Britain’s financial watchdog is urging consumers to make their PPI claims in the final countdown to the claims deadline on August 29th.
11:49 am Financial Conduct Authority (FCA)
Treating vulnerable customers fairly
Britain’s financial regulator has launched a scheme which it hopes will persuade all financial firms to treat vulnerable customers fairly in their dealings with them.
Watchdogs must do more say NAO
Four of Britain’s top watchdogs have been criticised by the National Audit Office (NAO) for not doing enough to show how they are helping the consumers it is their job to protect.
More than 3.3 million new PPI complaints made in 2018
New figures released by the Financial Conduct Authority (FCA) show that, more than a decade after the first warnings were sounded about the PPI scandal, more than 3.3 million consumers made a new complaint in 2018.
FCA threatens action against insurers who overcharge
Britain’s financial watchdog has warned insurers about over-charging and selling inappropriate products as it tightens the rules on the way insurance is sold in the UK.
FCA fines Carphone Warehouse £29 million
The Financial Conduct Authority (FCA) has fined Carphone Warehouse £29 million for mis-selling mobile phone insurance.
FCA: £300 million overcharging on PCP car deals
Britain’s financial watchdog says car dealers and finance companies are working together to overcharge car buyers by more than £1,000 a deal.
FCA to ban “Rip-off” overdraft fees
Britain’s financial regulator – the Financial Conduct Authority (FCA) – has announced proposals to ban ‘rip-off’ fees for unarranged overdrafts in a crackdown on the way banks levy their charges.
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.
An extra £350 million for PPI puts CYBG in the red
CYBG – the former Clydesdale-Yorkshire Bank – has slipped £95 million into the red after announcing a £350 million increased provision for mis-sold PPI.
The new facility brings the total the bank has set aside so far to £2.49 billion. They have received 420,000 PPI claims up to March 31st and the new cash is expected to cover 110,000 new claims before the claims deadline of August 29th next year.Read More