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PPI Claim Cut Off Nearing

PPI Claim Cut Off Nearing

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PPI Claim Cut Off Nearing

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  1. PPI Claim Cut Off Nearing?

  2. City regulators have held talks recently in regards to impose a deadline on PPI claims, in order to draw a line under what has been the most prevalent and costly financial scandal the UK has ever seen. The major banks and lenders have shelled out nearly £30bn in PPI compensation to those who have been mis-sold policies. This comes only months after a Supreme Court ruling brought a renewed slide of further claims against the banks. Banks have already set aside £30bn for compensation, with Lloyds responsible for almost half of that sum. In addition Lloyds have already been hit with FCA penalties and fines for handling customer complaints, very poorly. The FCA has promised to update the banking industry on whether the current approach to PPI compensation is meeting the require objectives of protecting the consumer.

  3. For More Information Visit: PPI Claims

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