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

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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Replies

  • EctophileEctophile Forumite
    6.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    So for how many more years should I put up with unwanted callers telling me about reclaiming PPI just to keep MSE happy? :mad:
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
  • 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.
  • 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.
  • 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
    the concept of a United States of Europe is right.” Winston Churchill 1930
    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=&quot][FONT=&quot][FONT=&quot] - Winston Churchill 1963
    [/FONT][/FONT][/FONT]
  • [Deleted User][Deleted User] Forumite
    26.6K Posts
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
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    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.
  • 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.
  • 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%
    the concept of a United States of Europe is right.” Winston Churchill 1930
    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=&quot][FONT=&quot][FONT=&quot] - Winston Churchill 1963
    [/FONT][/FONT][/FONT]
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