Lloyds, Halifax and Bank of Scotland have been rapped by the competition watchdog for failing to send out the correct information to thousands of customers who had PPI policies.
The competition watchdog has taken action against Barclays after it failed, for a second time, to send annual PPI reminders to some Littlewoods credit card customers.
More consumers may be able to reclaim cash if they paid high levels of commission on PPI and weren't reminded of this throughout their policy, under a new rule proposed by the regulator.
A judge has ruled a couple should receive all of the 76% commission they paid on their PPI policy - but if you took out PPI and want to get ALL of your commission back, you'll likely have to go through the courts for now.
A mortgage holder received a PPI reclaim payout of £3,364 - on a policy he previously claimed more than £12,000 from whilst on sick leave from his job.
Claims firms will have to clearly spell out their fees and direct customers to free alternatives BEFORE they sign any contracts, under new plans proposed by the financial regulator.
Martin Lewis is warning PPI claimants not to follow advice on the financial regulator's new Arnold Schwarzenegger adverts – as you could end up losing a third of your payout.
Banks have started to pay out £1,000s to people reclaiming PPI under a new rule which means you may be able to claim back some of the cost just for having had a policy.
24 October 2017
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