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19/02/2013
FSA Fine Lloyds £4.3m For PPI Compensation Delays
Delays in paying compensation to customers mis-sold Payment Protection Insurance (PPI) have resulted in £4.3m fine for Lloyds Banking Group.
While hundreds of thousands of people have received redress for mis-sold PPI, the Financial Services Authority (FSA) said that 140,000 customers did not receive their payments promptly.
The first bank to be fined by the FSA, Lloyds has apologised for the delays, saying they had been surprised by the influx of claims last year.
(H)
While hundreds of thousands of people have received redress for mis-sold PPI, the Financial Services Authority (FSA) said that 140,000 customers did not receive their payments promptly.
The first bank to be fined by the FSA, Lloyds has apologised for the delays, saying they had been surprised by the influx of claims last year.
(H)
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Lloyds Allocates Further £1bn For PPI
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Lloyds Allocates Further £1bn For PPI
Lloyds Banking Group says it has put a further £1bn aside to cover its PPI bill. The total amount allocated by Lloyds to compensate customers who were mis-sold payment protection insurance is now as much as £5.275bn.
08 November 2011
Lloyds Makes £3.9bn Loss After PPI
Lloyds Bank has announced a £3.9bn loss for the first nine months of 2011, blaming payment protection insurance (PPI) claims for the shortfall. Lloyds said that during the nine months it spent £3.2bn covering PPI claims and that its total income for the period also fell 15% to £15.3bn, indicating a decline in business levels.
Lloyds Makes £3.9bn Loss After PPI
Lloyds Bank has announced a £3.9bn loss for the first nine months of 2011, blaming payment protection insurance (PPI) claims for the shortfall. Lloyds said that during the nine months it spent £3.2bn covering PPI claims and that its total income for the period also fell 15% to £15.3bn, indicating a decline in business levels.
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Exclusive: Credit Firms Pay Back £215M
People with credit cards and loans who had complained about expensive payment protection plans have claimed £215m back from disingenuous firms this year. In a 4ni.co.
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18 January 2013
Banks Ask For PPI Cut-Off Deadline
The Financial Services Authority (FSA) has been asked by UK banks to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.
Banks Ask For PPI Cut-Off Deadline
The Financial Services Authority (FSA) has been asked by UK banks to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.
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