PPI Reclaiming discussion Part II

marshallka

pinknico wrote: »

Just to add a bit about the FOS I sent my charges to fos for 2 store cards as they only wanted to give partial refund (ge capital bank/lending money or who ever!) and court was a bit daunting.
Got a reply back in three weeks saying neither were covered before 2007.

So I suppose what the complaint is about that determines the speed of the reply.
Have one now with the FLA ( not holding out much hope here!)

And one the court route.

All sales of insurance were regulated in January, 2005 and if members of the GISC before that.

di3004

marshallka wrote: »

All sales of insurance were regulated in January, 2005 and if members of the GISC before that.

So if that is the case then as its basically a bank issue here, shouldn't the FOS still be able to look at pinknico's complaints then ?

Isn't GE money a part of a bank then?

marshallka

di3004 wrote: »

So if that is the case then as its basically a bank issue here, shouldn't the FOS still be able to look at pinknico's complaints then ?

Fos should definately be able to look and where they say 2007 its got to be wrong or someone sold this without authority to do so.

di3004

204572 - GE Capital Bank Limited
function dispPermConditionDetail(sid, reqLim) !! window.open("firmPermConditionDetails.do?permConditionSid=" + escape(sid) + "&reqlim=" + escape(reqLim),"new_window","toolbar=no,location=no,directories=no,status=no,menubar=no,scrollbars=yes,resizable=yes,copyhistory=no,width=500,height=250"); }

Current status:AuthorisedEffective Date


01/12/2001Tied Agent:Undertakes Insurance Mediation:YRegistered under Money Laundering Regulations:




Address:Capital House
2 Bruntcliffe Way
Morley
Leeds
West Yorkshire
LS27 0JG
Phone:
Fax:
Email:
Website:
44 0870 5500 300
44 0113 3447 984
yourquestions@ge.com
https://www.gemoney.co.uk
Notices:UK authorised firms who have a deposit-taking permission do not usually need to obtain separate permission from the FSA to receive money from clients.
Other information:

di3004

Or there are these......

207225 - GE Money Bank
function dispPermConditionDetail(sid, reqLim) !! window.open("firmPermConditionDetails.do?permConditionSid=" + escape(sid) + "&reqlim=" + escape(reqLim),"new_window","toolbar=no,location=no,directories=no,status=no,menubar=no,scrollbars=yes,resizable=yes,copyhistory=no,width=500,height=250"); } Current status:EEA


Authorised Effective Date: 12/11/2001Tied Agent:

Undertakes Insurance Mediation:Registered under Money Laundering Regulations:


Address
20 Avenue Andre Prothin
Paris La Defense Cedex
92063
Phone:
Fax:
Email:
Website:
33 1 5813 2828

marshallka

JUst because a firm is regulated under the FSA before January, 2005 does not mean that they are regulated for insurance. They will be now as everyone selling insurance in 2005 had to be regulated but if they were members of the GISC or under the old banking ombudsman etc that tiggrae posted a while back then they should be within jurisdiction for the FOS before that date.

Thats my understanding.

di3004

If this is the case here then this is no fault of Pinknico, I would contact the FOS and suggest about GISC and that it has been checked (if the correct company shown as authorised 2001) that they were covered and request to re-submit her complaints and go from where they left off.

Not unless this is another company altogether who were not authorised at all
Need to get the correct FSA firm number to double check on this one I think:rolleyes:

pinknico

Sorry didn't explain properly, this is penalty charges for late payments.

di3004

Pinknico have you the reg number on hand hun? cheers.:D

di3004

pinknico wrote: »

Sorry didn't explain properly, this is penalty charges for late payments.

Thx hun, so this is to do with banking then ?
Surely they could really look into this one