Banks to challenge ppi mis-selling - all claims on hold

di3004

My hunch was that of Lloyds, partly owned by British tax payers!!!

amersall

debt55 wrote: »

the headlines are wrong, even on this site.... are they bidding to block payouts? or are they just not wanting to review every single case of sold ppi and prefer the current system of claims being brought on by the consumer or a claims comp?

My reply to this, was you asking if
"are they bidding to block payouts" And i was saying
"they are going to court to see if ,what the fos have said is going to happen with ppi complaints in december is legal"
And that is what they are going to court for.
What is in my reply that has nothing to do with this thread?

debt55

amersall wrote: »

My reply to this, was you asking if
"are they bidding to block payouts" And i was saying
"they are going to court to see if ,what the fos have said is going to happen with ppi complaints in december is legal"
And that is what they are going to court for.
What is in my reply that has nothing to do with this thread?

err, i marked it question mark? and then answered it...

have you read the new FSA proposals for Dec 1st? i asked you this on the other thread.. you never replied!

the new rules implore the banks to open EVERY single case of sold ppi and investigate it, regardless of the client ever making contact in person or via a claims comp.

that is what they are against, the current system is fine with them.

swigger

amersall wrote: »

Nowhere have i read that complaints will be put on hold.The fos expect banks to continue with claims.
If they will or not is another matter. Op, or anyone who has confirmation of any of these banks putting claims on hold please post, as i think fos need to know of this.

lloyds told me this morning that they will not be looking into my complaint at all pending the judicial review and i should receive a letter shortly to that effect

di3004

That is so annoying, I think they should continue with the complaints until they have taken it to court, if they lose, then surely there will be yet another backlog.
I suppose you can still make a complaint to the FOS perhaps??

swigger

debt55 wrote: »

do you work for them?

no but i have several friends that do (including one that lives with me), they went into work this morning and were told to go home as they would not be processing any complaints.

amersall

swigger wrote: »

lloyds WILL NOT be processing ANY new complaint effective 8th October 2010, those that had not been logged by close of business on 7th will getting a letter advising them of this fact.

Thanks for that.x

debt55

swigger, you say you called them today?

folks on other forums are suggesting the ppi dept is not open on a saturday

can you confirm which number you called?

swigger

amersall wrote: »

Thanks for that.x

no worries, i do however see them backtracking once word gets out, they cannot do this according to the rules and regs (or at least thats how i read the rules and regs)

di3004

Wonder if my cousin still works for them, its been a while that I've spoken to her, may see if I can get hold of her.;)