MSE News: Lloyds' PPI mis-selling bill climbs to £6.8 billion

"The banking giant's PPI mis-selling costs rose by £1.5 million in the last three months of 2012..."
Read the full story:

Lloyds' PPI mis-selling bill climbs to £6.8 billion

OfficialStamp.gif

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Replies

  • zag2mezag2me Forumite
    695 Posts
    Part of the Furniture Photogenic Combo Breaker
    ✭✭
    Wish they would just make a closing date and get on with the payouts.

    Sick of hearing about this now.
    Save save save!!
  • Brains64Brains64 Forumite
    210 Posts
    Eighth Anniversary 100 Posts Combo Breaker
    ✭✭
    zag2me wrote: »
    Wish they would just make a closing date and get on with the payouts.

    Sick of hearing about this now.


    Yes, getting ridiculous isn't it??
  • edited 1 March 2013 at 4:42PM
    [Deleted User][Deleted User] Forumite
    0 Posts
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    MoneySaving Newbie
    edited 1 March 2013 at 4:42PM
    zag2me wrote: »
    Sick of hearing about this now.
    Ironic that you post this on a PPI discussion board!
    Plenty of other things to discuss elsewhere on the internet if you're "sick" of this topic.
  • ~Brock~~Brock~ Forumite
    1.7K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭
    Ironic that you post this on a PPI discussion board!
    Plenty of other things to discuss elsewhere on the if you're "sick" of this topic.

    To be fair it is currently the top item on the newsfeed on the main page.

    I would rather this all be over as well in the hope that it would put most of this nation's CMC scam artists out of business.
  • [Deleted User][Deleted User] Forumite
    0 Posts
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    MoneySaving Newbie
    ~Brock~ wrote: »
    I would rather this all be over as well in the hope that it would put most of this nation's CMC scam artists out of business.
    Well, as you know perfectly well already, banks and other lenders are not in a position to be able to enforce a "closing date" anytime soon.
  • src007src007 Forumite
    420 Posts
    Well, as you know perfectly well already, banks and other lenders are not in a position to be able to enforce a "closing date" anytime soon.

    The banks love their high level legal ''games'' surrounding PPI complaints. When their managers go to sleep at night do they dream about piles of money?

    Bank Manager Star Diary -Outstanding Work

    2008 WIN government bailout of the banking sector (all banks saved)
    2009 Low PPI payouts, without following redress guidance / mass rejections (89% FOS uphold rate)
    2010 Judicial Review (all complaints ''on hold'')
    2011 OK we better throw some crumbs at the peasants to stop them lynching us
    2012 Mass rejections + lets make customers jump through identification hoops to get refunds (some may drop out!)
    2013 Mass rejections + lets tell people there's no PPI where there is (some may drop out!)
    2014 Random time bar (they all drop out - perfect score)
    2015 Due to our good work ensuring high profits we will award our top managers large payouts.
This discussion has been closed.
Latest MSE News and Guides