Consumers will receive refunds totalling £60m under plans to help borrowers adversely affected by mortgage payment protection insurance (MPPI).
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Posted in In the News, Unenforceable Loans, Unfair Credit Card Agreements, tagged alliance and leicester, capital one, egg, Financial Services Authority, FSA, ge capital, hfc, hfc bank, liverpool and victoria, treating customers fairly on 21/03/2009 | Leave a Comment »
The regulator, the FSA, has said it wants to see better practice and has fined several companies for failing to treat their customers fairly. More fines, which could be for up to £1 million, are expected.
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Posted in In the News, Payment Protection Insurance, tagged credit card insurance, credit card ppi, Financial Services Authority, FSA, liverpool and victoria, mis-sold ppi, oft, PPI, which? on 10/01/2009 | 2 Comments »
PPI for credit cards costs customers nearly £1bn a year says Which?
Many people are still being misled into buying payment protection insurance (PPI) to cover their credit card payments, Which? claims.
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Posted in In the News, Payment Protection Insurance, tagged Payment Protection Insurance, PPI, Financial Services Authority, FSA, liverpool Victoria, mis-sold ppi, hfc bank, hadenglen home finance, ppi failings, capital one, ge capital bank, loans.co.uk, redcats, regency mortgage corporation, lv, land of leather on 10/01/2009 | Leave a Comment »
The Financial Services Ombudsman has undertaken detailed investigations into the Mis-selling of PPI policies. There are various companies who have been fined.
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Posted in In the News, tagged bancruptcy, bank of england, cccs, compnay liquidations, cpi, credit card debt, debt figures, Financial Services Authority, FSA, ftse, insolvency, iva, mortgage debt, Mortgages, write off credit card on 05/01/2009 | Leave a Comment »
Data released by Creditaction shows just how in debt we all are!
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Posted in In the News, Payment Protection Insurance, tagged Cancel the Debt, consumer credit act, consumer credit mis-selling, Financial Claims, financial mis-selling, financial ombudsman, Financial Services Authority, FOS, FSA, Loan Claims, Payment Protection Claims, Payment Protection Insurance, PPI on 29/12/2008 | Leave a Comment »
APRIL heralded the 2006 Consumer Credit Act, which allows borrowers to legally challenge unfair credit agreements and refer complaints over all licensed lenders to the Financial Ombudsman.
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The FSA has fined Egg Banking £721,000 for serious failings in its sales of credit card payment protection insurance and it is likely to have to pay significant sums in compensation.
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Liverpool Victoria Banking Services has been fined £840,000 over “serious failings” in the way it sold payment protection insurance (PPI), the City watchdog said today.
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The Financial Services Authority (FSA) is to clamp down further on companies which mis-sell payment protection insurance (PPI).
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The Financial Ombudsman has today announced that it is continuing to investigate some 4,000 claims of mis-sold payment protection insurance despite moves made to clamp down on rogue selling of incomplete and inadequate cover to consumers.
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