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The Financial Services Authority (FSA) is pushing banks to cut their bonus pools to reflect the heavy losses incurred through the mis-selling of Payment Protection Insurance (PPI), according to the Financial Times. The paper reported that the regulator is demanding banks take … Continue reading
It’s nice to claim back PPI refunds. The money to be refunded never belonged to the banks and lenders in the first place, and a hefty refund is the least a person can expect after being fleeced by trusted, reputable financial institutions. Many hard done … Continue reading
The proportion of Payment Protection insurance (PPI) complaints being resolved in the consumer’s favour has declined, figures from the finance watchdog have shown. The Financial Ombudsman Service (FOS) said just under seven out of 10 (68%) of PPI complaints cases … Continue reading
Banks are under pressure from their watchdog to shrink their bonuses to reflect their multi billion-pound bill for the Payment Protection Insurance (PPI) mis-selling scandal. The Financial Services Authority (FSA), the industry regulator, holds that institutions must bear in mind … Continue reading
The number of Payment Protection Insurance (PPI) complaints referred to the Financial Ombudsman Service has jumped by almost 60 per cent over the last three months. Data published by the FOS shows that the FOS received 30,301 PPI complaints between October … Continue reading