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Banks Drowning In Rising PPI Claims
There are many things that are contributing to the stress that banks are feeling lately. People are not making as much money, so they are not saving as much of it in the banks. They need to spend all that … Continue reading
Payment Protection Insurance complaints top 800 a day
Complaints to the Financial Ombudsman Service (FOS) about British banks are pouring in at a rate of more than 800 a day, mainly due to mis-sold Payment Protection Insurance (PPI). Figures from the FOS, which acts to resolve complaints if … Continue reading
Banks slow on PPI refunds
Those struggling to get debt free whose problems partly stem from more expensive loans that included Payment Protection Insurance (PPI) are frequently not getting their money back soon enough. Consumer groups say progress has been far too slow and shows … Continue reading
Complaints increase against biggest banks
Britain’s biggest High Street banks have seen complaints surge to record levels. Almost 150,000 disputes rejected by financial firms – including those bailed out by the taxpayer to the tune of £66billion – were taken to the Financial Ombudsman in … Continue reading
Refunds for PPI Victims
Borrowers who were mis-sold Payment Protection Insurance (PPI) received £215m in refunds in the first half of the year as lenders started processing the huge backlog of complaints from one of the worst ever financial scandals. However, the pay-out is … Continue reading