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    • Former MSE Helen
    • By Former MSE Helen 21st Nov 12, 3:23 PM
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    Former MSE Helen
    MSE News: PPI payouts top £7 billion
    • #1
    • 21st Nov 12, 3:23 PM
    MSE News: PPI payouts top £7 billion 21st Nov 12 at 3:23 PM
    "A whopping £516 million was paid out to victims of PPI mis-selling in September..."

    Read the full story:

    PPI payouts top £7 billion


Page 1
    • JuicyJesus
    • By JuicyJesus 21st Nov 12, 5:50 PM
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    JuicyJesus
    • #2
    • 21st Nov 12, 5:50 PM
    • #2
    • 21st Nov 12, 5:50 PM
    There has been a huge jump in compensation payouts for PPI, which covers loan or credit card payments when people cannot work, since the British Bankers' Association trade body ended a legal battle in May 2011 which attempted to block the FSA's rules on compensation.
    Not entirely true. The BBA didn't want the FSA to be able to apply current standards to sales which happened when weaker standards existed, essentially changing goalposts. Not even just changing goalposts - changing goalposts after the ball has hit the back of the net.
    Hi, weíve had to remove your signature. If youíre not sure why please read the forum rules or email the forum team if youíre still unsure - MSE ForumTeam
    • Alpine Star
    • By Alpine Star 22nd Nov 12, 5:12 AM
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    Alpine Star
    • #3
    • 22nd Nov 12, 5:12 AM
    • #3
    • 22nd Nov 12, 5:12 AM
    Not entirely true. The BBA didn't want the FSA to be able to apply current standards to sales which happened when weaker standards existed, essentially changing goalposts. Not even just changing goalposts - changing goalposts after the ball has hit the back of the net.
    Originally posted by JuicyJesus
    Well that was the BBA's argument but of course the court held that the goal posts weren't changed at all and that is why the BBA's challenge ended in abject failure in every respect.
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