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

mds2369

When you talk to the banks about your PPI claims you may just want to mention to them that they have actually broke the law under the fraud act by failing to disclose information when you were sold your loan/credit card, worked for me and am now £1447 better off. :T

marshallka

petecorfu wrote: »

once again they are dropping those 2 new rules! they are the ones the bank are throwing there toys out the pram about! i had it personally confrimed by the fsa yesterday after being on hold for 27 mins while one person consulted another! there words were " the information on the outlaw site is CORRECT" even the press office at the bba didn know about this until i copied and pasted the web page to them!
This means the bank/bba must stop this court case! if they dont, then there is another "bankcharges" type money backhanders thing going on!

So I wonder when this will be confirmed by the press? I have looked now and nothing as yet and nothing on the BBA website either.

marshallka

mds2369 wrote: »

When you talk to the banks about your PPI claims you may just want to mention to them that they have actually broke the law under the fraud act by failing to disclose information when you were sold your loan/credit card, worked for me and am now £1447 better off. :T

Can I just ask... when you quoted this that they broke the law under the fraud act for failing to disclose information what information did they fail to disclose? Wasn't it on your agreement that they sold you PPI?

mds2369

The information they failed to disclose was that the PPI wasn't compulsory and you could opt out if you wish. :j

debt55

petecorfu wrote: »

once again they are dropping those 2 new rules! they are the ones the bank are throwing there toys out the pram about! i had it personally confrimed by the fsa yesterday after being on hold for 27 mins while one person consulted another! there words were " the information on the outlaw site is CORRECT" even the press office at the bba didn know about this until i copied and pasted the web page to them!
This means the bank/bba must stop this court case! if they dont, then there is another "bankcharges" type money backhanders thing going on!

interesting, as i spoke to lloyds yesterday and they more or less said business as usual.

maxdp

IanW1983 wrote: »

That's reassuring, I'm currently waiting for my refund after sending off my acceptance forms at the end of Sept as well! The 28 days for receiving payment is up on Monday.

Hope they pay quickly. I think that I was paid early only cause the Bank Manager got involved. . Good Luck

marshallka

A good job here for anyone with the qualifications

http://www.jobserve.com/Regulatory-Risk-Programme-Manager-PPI-ICOB-To-1000p-d-City-Of-London-Temporary-W90209382B168A5B6.jsjob

Cardinals

Interesting job spec!

At those pay rates it has to be a larger Lender with no confidence that they can make the JR stick.

Job posted today as well - I wonder if some boardrooms are getting a touch sweaty?

amersall

maxdp wrote: »

Have today received in my LLOYDS Business Bank Account the PPI claimed back on Business Loan was old Loancheck which then went through FOS . Got in touch with my Business Bank Manager earlier this week to ask it this would be affected. We signed the acceptance forms late Sept and sent them back to FOS. So it looks like they are still paying out unless this is just because my Bank Manager was involved. So fingers crossed all those waiting.

:beer: Well done max :j At last xx.

debt55

No news is good news..... right?