Royal Bank of Scotland (RBS) and Natwest have been hit with a multi million pound fine for poor complaints handling, while five other banks have been ordered to improve processes for dealing with gripes.
Many Yorkshire and Clydesdale Bank mortgage holders have reported getting payment demands written off after a computer error meant 18,000 were undercharged for up to two years.
A consumer watchdog has called on the regulator to make its complaints data clearer to help the public understand how their bank or financial firm is performing.
Santander has apologised for its abysmal service over recent months and has pledged to improve the customer experience for its 25 million account holders.
28 September 2010
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