
Lloyds PPI compensation bill set for increase As we head towards the season in which banks and lenders announce their quarterly targets, we expect the PPI bill to increase further. The biggest culprit in the PPI mis-selling scandal is the Lloyds Banking Group, incorporating Lloyds, Halifax, Bank of Scotland and Blackhorse. The Lloyds Banking Group’s […]

Northern Rock PPI bill rises by £33m Northern Rock, there’s a blast from the past! A lot of us will remember the huge queues outside Northern Rock branches some 8 years ago, just as the financial crisis was beginning to become apparent. The failure of Northern Rock eventually saw it taken over by Virgin Money, […]

Lloyds receive biggest PPI fine ever Yesterday we brought you news of rumours emanating from the Financial Conduct Authority (FCA) that were suggesting the Lloyds Banking Group were about to be fined £100m for their mis-handling of PPI complaints. Today we learn that the exact figure of the fine is £117,430,600 !!! The initial fine was […]

Lloyds set for records PPI fine Rumours are starting to surface from the Financial Conduct Authority that Lloyds Bank Group are set to be hit with the biggest fine to date for mis-handling PPI complaints. If the rumours are correct, and we believe they are, then the fine will be almost five times greater than […]

Broker sold PPI ruling gives hope A court case which has been rumbling on for some time has shed some new light on broker sold PPI policies. Many banks and lenders used brokers to introduce and set up credit agreements such as loans and mortgages for new customers. In return for introducing potential new customers […]

HSBC Packaged Bank Account bill hits £31m It appears the new scandal following the huge PPI mis-selling saga is officially here following recent announcements by two of the UK’s biggest banks. We’ve been bringing you news and views for some time now regarding the mis-selling of Packaged Bank Accounts that affects at least 1 in […]