Another £360 million was paid out to victims of payment protection insurance (PPI) mis-selling last December, the Financial Services Authority (FSA) has revealed.
Victims of payment protection insurance (PPI) mis-selling were refunded a total of £411 million in November last year, the latest Financial Services Authority (FSA) figures reveal today.
The Financial Ombudsman Service is planning to take on 1,000 new staff to deal with the record number of complaints it expects to receive in the next financial year.
A company which sent text messages about payment protection insurance (PPI) reclaiming and compensation for accidents has been censured by the Advertising Standards Authority (ASA).
Claims management companies (CMCs) should be banned from cold calling says charity Citizens Advice, after research revealed 90% of consumers have been pestered by calls, emails or texts by them.
HSBC has become the latest giant to set aside extra cash to pay victims of mis-sold payment protection insurance, once again highlighting the huge scale of the scandal.
5 November 2012
Suggest a story
Got a money-related news story that affects you? Email us