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

tiggrae

Cardinals wrote: »

How about letting us know the source of this information?

hi Cardinals - just sent you a personal message

sunandsailcat

debt55 wrote: »

FSA to make a statement this Friday!!!

Yipeee our saviours!!

I've scoured the internet and can't find any info about this. Is this perhaps just that the FSA will be acknowledging that the BBA have applied to have the JR heard??

sunandsailcat

TheBigDog wrote: »

I think there is an announcement coming from the FSA, but unfortunately - it's not going to be good news. I'm not willing to divulge my source, but come the 24-28th of January, whoever's going to be battling it out in that Courtroom - it's not going to be the FSA and the BBA. Pi**ed off is putting it mildly.

TBD.

Who's going to be battling out then??

skv123

TheBigDog wrote: »

I think there is an announcement coming from the FSA, but unfortunately - it's not going to be good news. I'm not willing to divulge my source, but come the 24-28th of January, whoever's going to be battling it out in that Courtroom - it's not going to be the FSA and the BBA. Pi**ed off is putting it mildly.

TBD.

Fair enough if you aren't going to divulge the source but what is the actual news.

Cardinals

sunandsailcat wrote: »

Who's going to be battling out then??

A quick Google of recruitment companies shows plenty of vacancies for PPI Case Officers / Complaints Handlers on the Lender side. There are no rumours on redundancies within Complaints Departments so what could the bad news be?

audley16

sunandsailcat wrote: »

Who's going to be battling out then??

If it's not the BBA and the FSA, I guess the JR papers must be wrong...

Feeding a snippet of information proclaiming bad news is not really helpful on a public forum.

sunandsailcat

audley16 wrote: »

If it's not the BBA and the FSA, I guess the JR papers must be wrong...

Feeding a snippet of information proclaiming bad news is not really helpful on a public forum.

Thats exactly what I thought!

TheBigDog

audley16 wrote: »

If it's not the BBA and the FSA, I guess the JR papers must be wrong...

Feeding a snippet of information proclaiming bad news is not really helpful on a public forum.

I apologise - it's not useful at all, which I why I took down my original post. I apologise unreservedly for posting what I did, and I wish to withdraw it.

Alpine_Star

audley16 wrote: »

Feeding a snippet of information proclaiming bad news is not really helpful on a public forum.

I totally agree.

If it isn't to be FSA & BBA in the courtroom then it's more than a little odd that the Administrative Court hosting the affair don't know anything about it. They confirmed only 20 minutes ago that the case, BBA v FSA & FOS ref no CO/10619/2010 (the same ref no as in the BBA's JR application), is indeed scheduled to begin on 25 January.

tiggrae

skv123 wrote: »

Fair enough if you aren't going to divulge the source but what is the actual news.

If the fsa are going to make an announcement tomorrow that's all hope it isn't to grant the banks a formal waiver to 'hold' all PPI claims pending the outcome of the Judicial Review - that really would be another kick in the teeth for consumers !!