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.
Three and a half million taxpayers will get tax refunds averaging £380 from next week, while another 1.6 million will be asked to repay a typical £540 as they've underpaid.
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.
4 May 2012
Suggest a story
Got a money-related news story that affects you? Email us