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MSE News: FCA delays PPI deadline decision after receiving 'large amount of feedback'

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The FCA has delayed making its final decision on a deadline for reclaiming PPI...
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'Regulator delays PPI deadline decision after receiving 'large amount of feedback'''

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'Regulator delays PPI deadline decision after receiving 'large amount of feedback'''

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.
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If it breaks, well it wasn't working right anyway.
I'd rather they consider this carefully and get it right first time. Even if it does cause a delay.
“I think that the Government are right to apply to join the European Economic Community...” -Winston Churchill 1961
“The future of Europe if Britain were to be excluded is black indeed.”[FONT="][FONT="][FONT="] - Winston Churchill 1963
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Certainly the days when Ombudsman referrals took upwards of eighteen months are now a thing of the past.
However, I'm not against any postponement of a deadline as long as it is not indefinite.
Things might get busier again. One of the things the FCA is thinking about is whether to let people who've already complained have another go - but only about Plevin issues.
I'm sure lots of consumers will be up for this. Then think about CMCs with loads of people already on their books.
Plevin will actually only cover a small number compared to the main PPI scheme - not that it'll stop the desperate CMCs of course. Only cases that were rejected AND there was a commission over 50%
“I think that the Government are right to apply to join the European Economic Community...” -Winston Churchill 1961
“The future of Europe if Britain were to be excluded is black indeed.”[FONT="][FONT="][FONT="] - Winston Churchill 1963
[/FONT][/FONT][/FONT]