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2017 has been a busy year of developments in the Payment Protection Insurance (PPI) mis-selling saga. As the year draws to a close, we look back over the last twelve months and review the major developments:
3 million people lose their chance to check
The start of 2017 was bad news for millions of people, as... Read more
Lloyds Bank former Chief Executive Eric Daniels has filed a legal claim in an attempt to reclaim bonus payments taken away from him at the height of the Payment Protection Insurance (PPI) mis-selling scandal.
Daniels... Read more
Customers of the UK’s biggest banks will find it easier to compare and switch services thanks to a new ongoing report ordered by the Financial Conduct Authority (FCA).
Starting next year any bank of a certain size will be obliged to provide information on certain performance categories, such as the time taken to set up a new account or... Read more
Banks are underestimating the rise of consumer credit and risking another financial crisis, according to the Governor of the Bank of England.
Mark Carney has warned that ‘undue weight’ is being placed on the recent performance of loans sold by the banks, and whilst total lending is not getting out of hand... Read more
UK banks and building societies still have more work to do to regain the trust of their customers, according to latest research which rates the industry’s reputation as ‘average’.
Findings from the Reputation Institute show that in the eyes of the public Britain’s high street banks are still recovering... Read more
