PPI Reclaiming Discussion part 4

GlulseAccoume

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di3004

tonenjill wrote: »

Hi guys, i wrote to you about 5 weeks ago telling you about my recent letter from the adjudicator at the f.o.s. the decision is looking good for us and as far as the adjudicator goes he gives us the thumbs up:j so the final decision is now with the ombudsman. You did tell me last time that normally his or her decision does normally go with the adjudicator and with a claim of approx £18000 i certainly hope so. anyway this morning we recieved an update from the f.o.s reading the following....
You may be aware from the press reports that in oct 2010 the BBA on behalf of a number of high street banks filed papers in the high court requesting a judicial review of the financial services and the f.o.s. it goes on to say that this is a legal challenge relating to reclaims of PPI being sold inappropriatly. it also says that it went ahead in court on the 24th january 2011 and is likely to go on for sometime. it says it is continuing with claims at this present time and could go on for a while as they are recieving 2500 claims per week !!!
My question is this, after battling for 7 months could it be all for nothing, is there anything i can do to speed up the payment process, also should i now cancel my policy (which ime still paying) just incase the courts once again go in the banks favour. Ime really worried now, i missed out on my bank charge reclaims and i dont want to miss out on this if i can help it. Once again guys thanks for everything youv'e done, your site is fantastic and what you do for everyone is amazing. keep up
the good work
Thanks in advance:T
Tony

Hi Tony
Hope your well.
And lets hope its sooner rather than later that we get a result, a good one for that matter.
And just a suggestion if you've not done so already, maybe you could try sending the Chief Executive Officer (CEO) of the bank a letter or email, see if that helps.
Although no guarantees it may still be worth trying.;)

Good luck.

amersall

tonenjill wrote: »

Hi guys, i wrote to you about 5 weeks ago telling you about my recent letter from the adjudicator at the f.o.s. the decision is looking good for us and as far as the adjudicator goes he gives us the thumbs up:j so the final decision is now with the ombudsman. You did tell me last time that normally his or her decision does normally go with the adjudicator and with a claim of approx £18000 i certainly hope so. anyway this morning we recieved an update from the f.o.s reading the following....
You may be aware from the press reports that in oct 2010 the BBA on behalf of a number of high street banks filed papers in the high court requesting a judicial review of the financial services and the f.o.s. it goes on to say that this is a legal challenge relating to reclaims of PPI being sold inappropriatly. it also says that it went ahead in court on the 24th january 2011 and is likely to go on for sometime. it says it is continuing with claims at this present time and could go on for a while as they are recieving 2500 claims per week !!!
My question is this, after battling for 7 months could it be all for nothing, is there anything i can do to speed up the payment process, also should i now cancel my policy (which ime still paying) just incase the courts once again go in the banks favour. Ime really worried now, i missed out on my bank charge reclaims and i dont want to miss out on this if i can help it. Once again guys thanks for everything youv'e done, your site is fantastic and what you do for everyone is amazing. keep up
the good work
Thanks in advance:T
Tony

Whatever you do DO NOT cancel the ppi, you will get a new loan with longer term and apr. Wait for the outcome of the jr that is all we can do, this may go on for months, as if the banks lose, they will appeal. You could get a refund sooner rather than later, but please do not cancel the ppi.

di3004

My 2 are still sitting with Lloyds (my last 2 loan ppi), all the others I have been successful with over the last year, and due to the JR is the reason why no decisions have been made on these last 2 yet, however, I did chase them up by email the other day and was told that i should hear an update by or before 16 April.
I am wondering though - the reasons for not hearing any updates as such will may mean good news, or would they have rejected by now perhaps?
Because I assume they should still be investigating anyway.

klflosser

Received a letter from M&SMoney this morning as I had requested they continue investigating my case as the FSA had advised and not wait for JR results. They said:
The BBA have asked the Court to quash FSA policy statement "The Assessment and redress of PPI complaints" in its entirety and to quash online guidance on PPI complaints published by FOS in its entirety. BBA say 3 fundamental errors in law:
A breach of FSA's Principles does not give rise to a right of action in damages from a private person.
The Principles are relevant when assessing firms' liabilities to customers in respect of sales regulated by ICOB and ICOBS.
Firms can be required to pay compensation in cases where firms have no legal liability to customers.

They say that in light of this they consider each complaint received and assess whether it is affected by the JR. If not affected they will make a decision. However in my case they will not make an assessment or determination until JR decided.

Do I assume therefore that if the JR goes in favour of the BBA we will not be getting favourable outcomes on our complaints? So many legalistic phrases and words it is difficult to understand what they are really saying.

di3004

klflosser wrote: »

Received a letter from M&SMoney this morning as I had requested they continue investigating my case as the FSA had advised and not wait for JR results. They said:
The BBA have asked the Court to quash FSA policy statement "The Assessment and redress of PPI complaints" in its entirety and to quash online guidance on PPI complaints published by FOS in its entirety. BBA say 3 fundamental errors in law:
A breach of FSA's Principles does not give rise to a right of action in damages from a private person.
The Principles are relevant when assessing firms' liabilities to customers in respect of sales regulated by ICOB and ICOBS.
Firms can be required to pay compensation in cases where firms have no legal liability to customers.

They say that in light of this they consider each complaint received and assess whether it is affected by the JR. If not affected they will make a decision. However in my case they will not make an assessment or determination until JR decided.

Do I assume therefore that if the JR goes in favour of the BBA we will not be getting favourable outcomes on our complaints? So many legalistic phrases and words it is difficult to understand what they are really saying.

Hiya hun

I know what you mean, and it can be hard to follow.
Its a job to say, but to what I am aware of even though no formal decision will be made that soon, I did believe we would have some sort of update towards the end of March going into April, as seen on Lloyds Website I think it was.
So all we can really say and hope really that it does go in our favour and any complaints already made and ongoing should still be dealt with.;)

Footiemad_2

Gareth_Darke wrote: »

Hi All

Well a bit of an update after I posted a month ago:

"...I did write to the FOS chief executive and CC'd (probably overkill) CEO RBS, CEO FSA, David Cameron, Claire Perry MP (My MP), The Times, The Daily Telegraph and Robert Peston. CEO RBS..."

My MP Claire Perry has given her support to my case after 2 years of FOS bumbling around. She is writing to the Secretary to the Treasury, Mark Hoban MP as well as the Chairman RBS and the CEO of the FOS herself. Might just get things going a bit. FOS phoned last week to let me know our case is now a priority.....coincidence?

Gareth

Well done you. Here's hoping you get a result very soon.:)

Footiemad_2

tonenjill wrote: »

Hi guys, i wrote to you about 5 weeks ago telling you about my recent letter from the adjudicator at the f.o.s. the decision is looking good for us and as far as the adjudicator goes he gives us the thumbs up:j so the final decision is now with the ombudsman. You did tell me last time that normally his or her decision does normally go with the adjudicator and with a claim of approx £18000 i certainly hope so. anyway this morning we recieved an update from the f.o.s reading the following....
You may be aware from the press reports that in oct 2010 the BBA on behalf of a number of high street banks filed papers in the high court requesting a judicial review of the financial services and the f.o.s. it goes on to say that this is a legal challenge relating to reclaims of PPI being sold inappropriatly. it also says that it went ahead in court on the 24th january 2011 and is likely to go on for sometime. it says it is continuing with claims at this present time and could go on for a while as they are recieving 2500 claims per week !!!
My question is this, after battling for 7 months could it be all for nothing, is there anything i can do to speed up the payment process, also should i now cancel my policy (which ime still paying) just incase the courts once again go in the banks favour. Ime really worried now, i missed out on my bank charge reclaims and i dont want to miss out on this if i can help it. Once again guys thanks for everything youv'e done, your site is fantastic and what you do for everyone is amazing. keep up
the good work
Thanks in advance:T
Tony

Well done. I hope we dont miss out on this one either. I have had my PPI claim in since Aug 2009:mad: Its with the adjudicator and so just waiting for the outcome. I also missed out on the bank charges too, I must have been asleep:rotfl::rotfl::rotfl:

Fingers crossed for us all.

scottishmum_2

I am about to send my claims in to The Bank of Scotland but I cant seam to find the address, can anyone help me.

Thanks
Charlene

k77mss

GlulseAccoume wrote: »

We have installed new advanced discussion forum - phpBB. You can see it right now. Everybody is welcome to join it and to become registered forum user. Before posting to the new forum, please, check the old forums archive first.

i must be really stupid how do i get on new forum ?