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

Legacy_user

The FCA has delayed making its final decision on a deadline for reclaiming PPI...

Read the full story:
'Regulator delays PPI deadline decision after receiving 'large amount of feedback'''

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Ectophile

So for how many more years should I put up with unwanted callers telling me about reclaiming PPI just to keep MSE happy? :mad:

chattychappy

Typical public sector (or quasi-public sector in this case)... love to go around in circles and then decide that for the time being they had better not make a decision.

WatchMan

chattychappy wrote: »

Typical public sector (or quasi-public sector in this case)... love to go around in circles and then decide that for the time being they had better not make a decision.

I'd rather they consider this carefully and get it right first time. Even if it does cause a delay.

Nasqueron

PPI has been ongoing for how long? Since April 2011 or so? Nobody in the country can possibly have not had at least 1 text, phone call, seen an advert on the TV, facebook etc and not know about this. Companies have been sending out the "complain if you want" letters as well, it's really getting to the point where everything will be timebarred anyway, close it in April next year and be done with it - customers get to escape their debt liabilities after 6 years

[Deleted User]

The decline in traffic and posts to this forum in recent times would definitely seem to indicate that PPI is no longer the major issue it was.

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.

WatchMan

Moneyineptitude wrote: »

The decline in traffic and posts to this forum in recent times would definitely seem to indicate that PPI is no longer the major issue it was.

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.

Nasqueron

WatchMan wrote: »

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%