Dodgy claim firms are making more than three times as many bogus mis-sold payment protection insurance (PPI) claims to building societies, the societies' trade body says.
Payment protection insurance (PPI) is, once again, the most complained-about product so far this financial year, the latest Financial Ombudsman Service figures reveal.
Banking giants have agreed to make it easier for consumers to find out how to reclaim mis-sold payment protection insurance (PPI), following an investigation by MoneySavingExpert.com and Which?.
Lenders paid out £570.5 million compensation in April to victims of payment protection insurance (PPI) mis-selling, the Financial Services Authority (FSA) announced today.
Lenders paid out £500 million compensation in March to victims of payment protection insurance (PPI) mis-selling, the highest single month of redress in 2012 .
The claims management industry has attacked MoneySavingExpert.com and consumer group Which? for our work to show consumers how easy it is to reclaim mis-sold payment protection insurance (PPI) for free.
MoneySavingExpert.com, consumer lobby group Which? and the British Bankers' Association have today written a joint letter to the Justice Secretary demanding tougher regulation of claims management firms.