Britain’s Competition and Markets Authority (CMA) has forced Paymentshield to pay £380,000 compensation to hundreds of customers for breaches of PPI rules with further payments expected in the near future.
A Welsh MP is calling on the government to investigate thousands of complaints about cavity wall insulation in a scandal that ‘could be as big as PPI’.
Official figures just released show that in the month of the PPI claims deadline Britain’s banks paid out £391.6 million in fresh compensation for mis-sold policies.
Lloyds Banking Group (LBG) has confirmed it is adding another £1.8 billion to its PPI compensation pot knocking its pre-tax profits down to £50 million for the third quarter of the year – 97% down on the same period last year.
Royal Bank Of Scotland (RBS) has confirmed it has added another £900 million to pay future successful PPI claims, contributing to an £8 million operating loss before tax for the third quarter of the year.
Royal Bank Of Scotland (RBS), NatWest and Ulster Bank have announced they are going to cancel thousands of customers’ PPI policies at the end of the year.
The day after Royal Bank of Scotland (RBS) announced it was adding £900 million to its PPI compensation pot, Barclays confirmed it has added £1.4 billion to its own redress fund.
You can do the claim directly yourself to the lender for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, if you have approached your lender first, and it falls within their remit.