MSE News: Lloyds' PPI mis-selling bill climbs to £6.8 billion

zag2me wrote: »

Wish they would just make a closing date and get on with the payouts.

Sick of hearing about this now.

Yes, getting ridiculous isn't it??

Moneyineptitude wrote: »

Ironic that you post this on a PPI discussion board!
Plenty of other things to discuss elsewhere on the if you're "sick" of this topic.

To be fair it is currently the top item on the newsfeed on the main page.

I would rather this all be over as well in the hope that it would put most of this nation's CMC scam artists out of business.

Moneyineptitude wrote: »

Well, as you know perfectly well already, banks and other lenders are not in a position to be able to enforce a "closing date" anytime soon.

The banks love their high level legal ''games'' surrounding PPI complaints. When their managers go to sleep at night do they dream about piles of money?

Bank Manager Star Diary -Outstanding Work

2008 WIN government bailout of the banking sector (all banks saved)
2009 Low PPI payouts, without following redress guidance / mass rejections (89% FOS uphold rate)
2010 Judicial Review (all complaints ''on hold'')
2011 OK we better throw some crumbs at the peasants to stop them lynching us
2012 Mass rejections + lets make customers jump through identification hoops to get refunds (some may drop out!)
2013 Mass rejections + lets tell people there's no PPI where there is (some may drop out!)
2014 Random time bar (they all drop out - perfect score)
2015 Due to our good work ensuring high profits we will award our top managers large payouts.