Banks are trying to block new PPI claims

Banks are trying to block new PPI claims

A national newspaper is claiming the Britain’s banks are trying to block a wave of new PPI claims.

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PPI News – Another massive round of PPI payouts?

Another massive round of PPI payouts?

There is speculation that there might soon be another massive round of PPI payouts – this time based on the commission consumers were paying on the policies sold to them.

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PPI News – Gladstone Brookes Top 20 Payouts for April 2020

Gladstone Brookes Top 20 PPI payouts for April 2020

Months after the final deadline for PPI complaints in August last year Gladstone Brookes is still recovering life-changing sums of money for its clients.

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PPI News – FCA Announce Huge Jump in PPI Claims

FCA announce huge jump in PPI claims

Figures just released by the Financial Conduct Authority (FCA) show an 81% jump in the number of claims as consumers rushed to beat the PPI claims deadline in August last year.

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PPI News – No PPI decision yet for hundreds of thousands

No PPI decision yet for hundreds of thousands

Six months after the PPI claims deadline on August 27th last year more than half of claimants have still had no decision on their complaint.

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Lloyds, Virgin Money and Direct Line cuts hundreds of jobs

Lloyds, Virgin Money and Direct Line to cut hundreds of jobs

Just a week after announcing a 26% drop in profits, Lloyds Banking Group (LBG) has announced it is shedding the equivalent of 780 full time jobs across its branch network.

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PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.

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PPI News – HSBC profits plunge with mass job cuts and PPI surges

HSBC profits plunge, mass job cuts and PPI surges

Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.

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PPI News – Barclays only half way through PPI backlog

Barclays only half way through PPI backlog

Barclays is still only half way through processing the massive spike of PPI complaints received in the run-up to the claim’s deadline in August last year.

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PPI News – FOS handling 3,500 new PPI complaints a week

FOS handling 3,500 new PPIO complaints a week

The Financial Ombudsman Service (FOS)has been receiving an average 3,500 new PPI complaints a week in the wake of the claims deadline of August last year.

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