Banks abandon fight against PPI compensation payments
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The banking industry has abandoned a legal fight over the mis-selling of payment protection insurance (PPI). Read more [...]
Compensation bills soar as consumers continue to make PPI claims
Major banks are being forced to add millions to their compensation bills, exposing the true extent of the PPI mis-selling scandal that has affected the nation.
Following one of the worst mis-selling scandals in the UK, Lloyds Bank has taken another £375million pound hit to cover PPI payouts. This has increased the estimated total amount set aside to deal with payment protection claims to nearly a staggering £3.8billion for the taxpayer-backed bank alone. Read more [...]
PPI claims leads to increase in employments at banks
Bank employment figures have shot up in the first three months of 2012 to deal with the massive increase in PPI compensation claims, a survey has revealed.
Specialist financial services recruitment firm BrightPool, has revealed that a total of 60 per cent of claim handlers in demand by high street banks were to deal with mis sold Payment Protection Insurance claims in PPI compensation scheme departments. Read more [...]
Mitchell Farrar Group (MFG) highlights benefits of ppiclaimback.co.uk as FSA publish PPI guidelines to banks who mis-sold
Following the release of FSA guidelines to firms that mis-sold payment protection insurance, the Mitchell Farrar Group is offering a helping hand to consumers, to settle their PPI claim in a professional and timely manner.
The Mitchell Farrar Group, which runs leading claims management company Investor Compensation with the brand www.ppiclaimback.co.uk, is welcoming the news that banks who mis-sold payment protection are taking proactive steps.. Read more [...]
PPICLAIMBACK.co.uk offer PPI victims help before it’s too late
Official data released by the FSA shows that PPI complaints have reached record highs, with a rise of 85% in the final months of 2011. With a further 12 million PPI customers yet to claim, a leading claims management company is urging consumers to claim back what they deserve before it's too late. Read more [...]
Banks should foot the PPI tax bill to ease consumer burden
A leading claims management company has slammed the recent news that millions of consumers receiving compensation for being mis-sold Payment Protection Insurance, will be forced to pay tax on their compensation payments. Read more [...]