Tag Archives: mis-sold PPI

FOS have overturned 100% of alternative redress offers

The Financial Ombudsman Service (FOS) has overturned 100% of all offers made to consumers under what the banks call alternative redress, ordering the lenders to pay the full amount of compensation due for mis-sold PPI. And there are still hundreds more claims awaiting an ombudsman’s decision after the cases were appealed because the lenders had […]

Lloyds in PPI ‘short change’ storm

Lloyds Banking Group (LBG) has been accused of short changing people who have made a successful PPI claim against them. PPI expert Cliff D’Arcy told a BBC investigation that LBG had saved themselves more than £60 million in the last year by cutting the compensation it paid to successful clients.