MSE News: Banks put PPI claims on hold in defiance of regulator

marshallka

Oh dear

Banks may need new bailout, warns think-tank

http://www.independent.co.uk/news/business/news/banks-may-need-new-bailout-warns-thinktank-2097047.html

-SDW-

http://www.youtube.com/watch?v=CZu42ekm728&feature=related

:rotfl::rotfl::rotfl::rotfl:

di3004

marshallka wrote: »

[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]
[FONT=Arial, Helvetica, sans-serif]Just found this about if a bank owes you money....[/FONT]
[FONT=Arial, Helvetica, sans-serif]http://www.bbc.co.uk/dna/h2g2/alabaster/A850051[/FONT]

[FONT=Arial, Helvetica, sans-serif]The Embarrasment Factor[/FONT]
If your complaint is against the local branch of some bank or building society there is a certain amount you can do locally. Bear in mind that a local branch manager is responsible for the performance of the branch, and local reputation has a large part to play in that.
The first thing to do is to try to get as high up the ladder as possible, as far as the branch manager; or at least the assistant manager. There's little point in dealing with the counter staff, who are probably just doing what they see as their job in refusing your request.
If you cannot get through to the big cheese, or if you do and it doesn't help, try and interest the local newspaper in the story. They may well contact the manager for an interview, and even if they don't get one it will send a strong message.
You could go into the branch at a time when there are lots of customers there and make a scene. Demand to see the manager. Demand your money back. Make a nuisance of yourself within the branch, within legal bounds of course. Walk up and down the pavement outside, carrying a placard demanding justice. If you stand still you could be arrested for obstruction (this is the case in UK law) but if you keep moving it's quite legal (don't write anything libellous on the placard, though).
[/FONT][/FONT][/FONT]

This is interesting!
Good find X

di3004

marshallka wrote: »

Oh dear

Banks may need new bailout, warns think-tank

http://www.independent.co.uk/news/business/news/banks-may-need-new-bailout-warns-thinktank-2097047.html

Again??
Do they deserve this though lol?

marshallka

Just noticed this on Martins Homepage...

Urgent! Banks trying to stop PPI reclaiming
Reclaim £1,000s NOW in case it becomes too late


http://www.moneysavingexpert.com/latesttip/

ANd he states here

How urgent is this? Very. I remember urging people to reclaim bank charges prior to the hold. Many didn't get round to it and later regretted it. The banks have signalled their intent to stop or limit PPI reclaiming. While they don't have a fleck of justice on their side, we've learnt previously a troupe of clever lawyers can accomplish many things. So while the doors are wide open, then, everybody, everybody, everybody should check if they've been mis-sold and, if so, pursue it.


Seems to read to me that he may have doubts on this one??

debt55

marshallka wrote: »

Just noticed this on Martins Homepage...

Urgent! Banks trying to stop PPI reclaiming
Reclaim £1,000s NOW in case it becomes too late


http://www.moneysavingexpert.com/latesttip/

ANd he states here

How urgent is this? Very. I remember urging people to reclaim bank charges prior to the hold. Many didn't get round to it and later regretted it. The banks have signalled their intent to stop or limit PPI reclaiming. While they don't have a fleck of justice on their side, we've learnt previously a troupe of clever lawyers can accomplish many things. So while the doors are wide open, then, everybody, everybody, everybody should check if they've been mis-sold and, if so, pursue it.


Seems to read to me that he may have doubts on this one??

errr, and this is what really hacks me off

!!!!!! is he on about?

the holds ARE already in place !!!!!!

was this not needed last month when i put a post up warning of this!!!

typical

audley16

more traffic to MSE....

Mike_R_2

Is there anyway we can get access to the JR forms, or does anyone have a clear understanding of the criteria for identifying claims that are "affected by the JR"?

notveryhappi.

Mike_R wrote: »

Is there anyway we can get access to the JR forms, or does anyone have a clear understanding of the criteria for identifying claims that are "affected by the JR"?

Potentially all claims are affected by the JR

The only ones that are not affected are the ones with no PPI - ie a customer or claims management company requests a refund of PPI, the bank sees there is no PPI and closes case straight away

The banks are stating they are using a criteria but in reality they aren't - none are being done at all

marshallka

I wonder what will happen to ongoing complaints IF the banks won this one? Would they be able to dismiss complaints pre 2005? How would this pan out with FOS? They cannot change rules for post 2005 complaints as they were supposed to follow them as per the FSA regulations?