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PPI & MPPI Refunds, Mis-sold policies, Bank & Credit Card Charges Refund, Mortgages & Endowments Tips
PPI & MPPI Refunds | Mis-sold policies | Bank & Credit Card Charges Refund | Mortgages & Endowments Tips | Nearly three million people with Payment Protection Insurance (PPI) policies could be in line for compensation totalling almost £2.7 billion. There is expected to be a flood of complaints after the Financial Services Authority (FSA) issued new rules, yesterday (10/08/10), on the way firms should handle complaints about mis-sold PPI policies. Prior to the new rules set out by the FSA, many firms were automatically rejecting mis-sold PPI complaints, leaving customers to have to turn to the Financial Ombudsman Service (FOS) to resolve their complaints. The FOS has revealed it has received more than 100,000 complaints about PPI already, with nearly 2,000 of these, received in the last week alone. Four out of five cases taken to the FOS were decided in favour of the customer, with the firm selling PPI, having to pay compensation typical of around £1,500. | PPI & MPPI Refunds, Mis-sold policies, Bank & Credit Card Charges Refund, Mortgages & Endowments Tips
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