Lloyds Banking Group has announced yet another increase to their PPI provisions, setting a further £550m aside to pay back mis-sold consumers.
The Government fund which controls the loans and mortgages of two collapsed lenders has revealed they have set more money aside for mis-sold PPI compensation.
Banks and financial lenders are set to pocket a staggering NINE BILLION POUNDS worth of PPI they’ve admitted to mis-selling, based on current rates of consumer redress.
Despite PPI complaints reaching their highest levels in four years, the number of people checking to see if they were... Read more
More than a billion pounds in PPI redress was paid out to UK consumers in the third quarter of this year, according to the latest data from the Financial Conduct Authority (FCA).
Monthly payout totals for September have been released by the regulator showing £309m was returned to customers who were mis-sold PPI by their financial provider.... Read more