MoneySavingExpert News
PPI
The Financial Ombudsman Service is planning to take on 1,000 new staff to deal with the record number of complaints it expects to receive in the next financial year.
10 January 2013
The Co-operative Bank has been fined £113,300 by the Financial Services Authority (FSA) for failing to handle payment protection insurance (PPI) complaints fairly.
4 January 2013
A company which sent text messages about payment protection insurance (PPI) reclaiming and compensation for accidents has been censured by the Advertising Standards Authority (ASA).
12 December 2012
Victims of payment protection insurance (PPI) mis-selling were paid £533.6 million in October, the latest industry figures reveal.
11 December 2012
Banks are still pressurising staff into pushing products which may be unsuitable, despite major mis-selling scandals, Which? claimed today.
7 December 2012
A whopping £516 million was paid out to victims of payment protection insurance (PPI) mis-selling in September, according to latest industry figures.
21 November 2012
Claims management companies (CMCs) should be banned from cold calling says charity Citizens Advice, after research revealed 90% of consumers have been pestered by calls, emails or texts by them.
14 November 2012
HSBC has become the latest giant to set aside extra cash to pay victims of mis-sold payment protection insurance, once again highlighting the huge scale of the scandal.
5 November 2012
Taxpayer-backed Royal Bank of Scotland has set aside another £400 million to compensate customers it flogged worthless payment protection insurance to.
2 November 2012
Lloyds Banking Group has set aside a further £1 billion to pay victims of payment protection insurance (PPI) mis-selling.
1 November 2012
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