Banks and credit card providers are reopening two and a half million old PPI complaints after unfairly rejecting or underpaying victims, the regulator revealed today.
MoneySavingExpert.com is campaigning for the financial regulator to extend the deadline for the CPP redress scheme and issue new reclaim letters to all those that haven't reclaimed their money back.
Lloyds Banking Group has set aside an extra £600 million to cover payment protection insurance mis-selling claims - taking its total PPI bill to over £10 billion.
Barclays' payment protection insurance (PPI) bill has climbed to £4.85 billion, after it announced it has set aside a further £900 million to pay for its part in the mis-selling scandal.
Rogue claims management companies that bombard people with nuisance calls and provide a bad service face fines totalling £1,000s under new plans announced by the Government.
Victims of the payment protection insurance (PPI) mis-selling scandal could potentially have been under-compensated by an estimated £1 billion, a BBC investigation has found.
5 June 2014
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