What has happened since the PPI Judicial review?
Banks now have to talk through the key points of a PPI policy rather than just provide a document giving them information.
The banking industry has paid out over £200 million in compensation to customer.
Lloyds Banking Group is one of the major high street banks on top of the list for mis-selling PPI. The put aside £3.2billiom for cover the costs of compensation claims relating to PPI.
This was the first sign of how much banks would have to pay out in compensation. During the first 6 months of this year, the FOS received 37,696 about the Lloyds banking group, almost 20,000 of those concerned Lloyd’s TSB which is the highest number for an individual bank.
Leading bank Santander recently announced that it had to set aside £731 million for PPI compensation cases.
Over 20 million people in the UK have been mis sold Payment Protection insurance and are eligible to make a claim!
With the number of successful cases occurring everyday don’t delay your claim for mis-sold PPI today. If you are looking to save money on your mis sold payment protection insurance policy you should use a ppi calculator to see what you could save.