It Pays to Claim » PPI News

European stocks drop as banking stocks weigh – AFP

admin — Mon, 09 May 2011 11:30:00 +0000

European stocks drop as banking stocks weigh
AFP
However it added that the group's pre-tax gains were pushed down by rises in other exceptional costs, including money set aside to compensate customers in Britain who were mis-sold payment protection insurance. Another of Britain's major banks, …

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AFP

PPI claims: What you need to do now – This is Money

admin — Mon, 09 May 2011 10:59:15 +0000

Reuters

PPI claims: What you need to do now
This is Money
The banks have admitted defeat in the fight over payment protection insurance mis-selling compensation. Here what you need to do if you want to claim… Redress: Banks have out aside billions to settle claims. Can you reclaim premiums on …
Barclays withdraws from PPI legal actionMoney Marketing
Millions in line for PPI redressThe Independent
Banks drop PPI appealMortgage Introducer
Mortgage Strategy -Financial Times -Telegraph.co.uk
all 270 news articles »

Reuters

PPI claims: What you need to do now
This is Money
The banks have admitted defeat in the fight over payment protection insurance mis-selling compensation. Here what you need to do if you want to claim... Redress: Banks have out aside billions to settle claims. Can you reclaim premiums on ...
Barclays withdraws from PPI legal actionMoney Marketing
Millions in line for PPI redressThe Independent
Banks drop PPI appealMortgage Introducer
Mortgage Strategy -Financial Times -Telegraph.co.uk
all 270 news articles »

UK banks won’t appeal payment protection ruling – DailyFinance

admin — Mon, 09 May 2011 08:29:06 +0000

UK banks won't appeal payment protection ruling
DailyFinance
London's High Court rejected a claim from the banking industry that new rules imposed by the Financial Services Authority on the sale of so-called payment protection insurance, or PPI, policies should not be applied retrospectively. …
UK banks won't appeal payment protection rulingThe Associated Press
UK banks won't appeal payment protection rulingeTaiwan News

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UK banks won't appeal payment protection ruling
DailyFinance
London's High Court rejected a claim from the banking industry that new rules imposed by the Financial Services Authority on the sale of so-called payment protection insurance, or PPI, policies should not be applied retrospectively. ...
UK banks won't appeal payment protection rulingThe Associated Press
UK banks won't appeal payment protection rulingeTaiwan News

all 75 news articles »

Banks’ payment insurance protection was in fact a racket – The Guardian

admin — Sat, 07 May 2011 23:04:54 +0000

Kansas City Star

Banks' payment insurance protection was in fact a racket
The Guardian
Please, Greece, don't bring back the drachma It doesn't take much to stall the spluttering euro. A dubious claim in a German magazine that Greece is considering quitting the single currency in favour of a reintroduction of the unlamented drachma …
GLOBAL MARKETS: European Stocks Lower On Greece FearsWall Street Journal

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Kansas City Star

Banks' payment insurance protection was in fact a racket
The Guardian
Please, Greece, don't bring back the drachma It doesn't take much to stall the spluttering euro. A dubious claim in a German magazine that Greece is considering quitting the single currency in favour of a reintroduction of the unlamented drachma ...
GLOBAL MARKETS: European Stocks Lower On Greece FearsWall Street Journal

all 1,393 news articles »

Clegg visits Citizens Advice Bureau – The Press Association

admin — Fri, 09 Apr 2010 16:58:28 +0000

MSN Money UK

Clegg visits Citizens Advice Bureau
The Press Association
Liberal Democrat leader Nick Clegg has heard about the problems of people hit by bank charges and the complexities of the benefits system. …
Clegg launches his party's consumer manifestoDeHavilland (press release) (subscription)

all 5 news articles »

MSN Money UK

Clegg visits Citizens Advice Bureau
The Press Association
Liberal Democrat leader Nick Clegg has heard about the problems of people hit by bank charges and the complexities of the benefits system. ...
Clegg launches his party's consumer manifestoDeHavilland (press release) (subscription)

all 5 news articles »

Small businesses losing out with chip and pin – sQuidcard

admin — Fri, 09 Apr 2010 16:29:58 +0000

sQuidcard

Small businesses losing out with chip and pin
sQuidcard
Contactless smart cards could be the technological saviour that small businesses are looking for as they are being hit with huge bank charges to use chip …

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sQuidcard

Six scandals from the darkest days of an already murky industry (Guardian Unlimited)

admin — Fri, 26 Jun 2009 14:12:41 +0000

From pensions to PPI, Sam Dunn reviews some rogue practices in the financial service sector’s hall of shame Fat profits first, customers second. Or how about slavering execs willing to flog their own grandmother for a commission? Cliches abound about the UK’s financial advice industry for a reason: they’re grounded in an all-too-familiar reality that has left hundreds of thousands of consumers …

PPI Is Still Being Mis Sold by UK Banks

admin — Mon, 20 Oct 2008 23:21:50 +0000

Despite banks being hit with huge fines (the latest being the Alliance and Leicester) the mis selling of payment protection insurance (PPI) – also known as PPP, continues to occur, according to a recent mystery shopper study carried out by the FSA.

The study revealed that customers are still being mis-sold – they are not informed correctly about the interest that the PPI would attract.

In the current financial climate, one would think that the banks might be acting more responsibly, but it would appear that this is not the case.

Recent Fines for misselling include:

Alliance & Leicester:Fined £7,000,000 in October 2008

Liverpool Victoria: Fined £840,000 in July 2008 Info: Liverpool Victoria

Land of Leather Ltd: Fined £210,000 in May 2008 Info: Land of Leather

HFC Bank: Fined £1,085,000 in Jan 2008 Info: HFC Bank

Hadenglen HF Plc: Fined £133,000 in Sep 2007 Info: Hadenglen Home Finance Plc

Capital One: Fined £175,000 in Feb 2007 Info: Capital One

GE Capital Bank Ltd: Fined £610,000 in Jan 2007 Info: GE Capital Bank Ltd

Loans.co.uk: Fined £455,000 in Oct 2006 Info: Loans.co.uk

Redcats: Fined £270,000 in Dec 2006 Info: Redcats

Regency Mortgage Corporation: Fined £56,000 in Dec 2006

Find out more here.

Alliance and Leicester fined £7m for PPI failings

admin — Tue, 07 Oct 2008 11:15:46 +0000

The FSA has fined Alliance & Leicester (A&L) £7m for serious failings in its telephone sales of payment protection insurance (PPI).

The regulator said that from January 2005 to December 2007 A&L sold approximately 210,000 PPI policies to customers seeking a personal loan at an average price of £1,265, but there was a general failure by advisers to give customers details of the cost of PPI. In addition A&L sought to find reasons to sell PPI without properly considering what customers needed.

Compo call on protection insurance (Channel 4)

admin — Fri, 26 Sep 2008 18:18:31 +0000

A consumer group has called on the City watchdog to take action to ensure that all people mis-sold controversial payment protection insurance are compensated.