Last year the issue of payment protection insurance (PPI) and the mis-selling of it was the cause of more consumer complaints that anything else, according to the Financial Ombudsman Service. The FOS reported that 60%, or well over half a million of all the complaints they received about financial products in 2011 were related to […]
Tag: PPI
Barclays lead the way as banks put money aside to deal with PPI claims
Barclays Bank, the third largest in the country, has decided to put aside more cash to compensate for the miss-selling of insurance on loans. Rival banks are following in their wake as the industry as a whole faces a massive bill of £7billion or more. The bank has reported an increase in PPI claims over […]