PPI News – CMA forces Paymentshield to pay £380,000 for PPI breaches

CMA forces Paymentshield to pay £380,000 for PPI breaches

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.

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Cavity wall scandal ‘could be as big as PPI’

Cavity wall scandal could be as big as PPI

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’.

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PPI News – A £350 million PPI cash rebate from the taxman?

A £350 million PPI cash rebate from the taxman?

Successful PPI claimants could be owed a £350 million rebate from the taxman because they may have paid income tax twice on their compensation.

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PPI News – PPI total payout heading for £37 billion

PPI total payout heading for £37 billion

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.

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PPI News – Lloyds profits hit by £1.8 billion PPI hike

Lloyds profits hit by £1.8 billion PPI hike

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.

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PPI News – Santander adds another £99 million for PPI

Santander adds another £99 million for PPI

Santander has become the latest high street bank to boost its PPI provision since the claims deadline on August 29th.

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PPI News – RBS confirms £900 million more for PPI

RBS confirms £900 million more for PPI

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.

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PPI News – Nationwide must pay clients £2 million for PPI breaches

Nationwide must pay clients £2 million for PPI breaches

Nationwide has been ordered to pay £2 million in refunds to more than 7,000 of its members for breaches of PPI rules.

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PPI News – RBS group to cancel thousands of PPI policies

RBS group to cancel thousands of PPI policies

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.

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PPI News – Barclays confirm another £1.4 billion for PPI

Barclays confirm another £1.4 billion for PPI

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.

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