Leading banks add further funds to PPI compensation fund
The PPI mis-selling saga continues to unfold as Lloyds Banking Group adds another £700 million to meet claims demands. This recent addition brings the PPI clean-up bill to a whopping £4.2 billion; £1 billion more than originally estimated. Continue reading
Compensation bills soar as consumers continue to make PPI claims
Major banks are being forced to add millions to their compensation bills, exposing the true extent of the PPI mis-selling scandal that has affected the nation.
Following one of the worst mis-selling scandals in the UK, Lloyds Bank has taken another £375million pound hit to cover PPI payouts. This has increased the estimated total amount set aside to deal with payment protection claims to nearly a staggering £3.8billion for the taxpayer-backed bank alone. Continue reading
PPI claims leads to increase in employments at banks
Bank employment figures have shot up in the first three months of 2012 to deal with the massive increase in PPI compensation claims, a survey has revealed.
Specialist financial services recruitment firm BrightPool, has revealed that a total of 60 per cent of claim handlers in demand by high street banks were to deal with mis sold Payment Protection Insurance claims in PPI compensation scheme departments. Continue reading
Mitchell Farrar Group (MFG) highlights benefits of ppiclaimback.co.uk as FSA publish PPI guidelines to banks who mis-sold
Following the release of FSA guidelines to firms that mis-sold payment protection insurance, the Mitchell Farrar Group is offering a helping hand to consumers, to settle their PPI claim in a professional and timely manner.
The Mitchell Farrar Group, which runs leading claims management company Investor Compensation with the brand www.ppiclaimback.co.uk, is welcoming the news that banks who mis-sold payment protection are taking proactive steps.. Continue reading
PPICLAIMBACK.co.uk offer PPI victims help before it’s too late
Official data released by the FSA shows that PPI complaints have reached record highs, with a rise of 85% in the final months of 2011. With a further 12 million PPI customers yet to claim, a leading claims management company is urging consumers to claim back what they deserve before it's too late. Continue reading