RBS has set aside an additional £125 million to cover payment protection insurance (PPI) claims, as the realisation of the true scale of the mis-selling scandal grows by the day.
Representatives from all the major financial service providers and regulators have today pledged action to help make reclaiming payment protection insurance (PPI) for free a lot easier.
MoneySavingExpert.com and lobby group Which? have joined forces to increase awareness of how easy it is for consumers to reclaim mis-sold payment protection insurance (PPI) for free.
Compensation paid to victims of payment protection insurance (PPI) mis-selling is likely to have passed the £3 billion mark since the start of last year, official figures indicate.
Payment protection insurance (PPI) can no longer be sold at the same time you take out a mortgage, loan or credit card, under new rules that come into force on Friday.
There was a 20% rise in complaints to financial firms in the second half of last year largely driven by a huge spike in payment protection insurance (PPI) compensation claims, official figures reveal.
28 March 2012
Suggest a story
Got a money-related news story that affects you? Email us