It has been revealed that Lloyds are now £3.5bn in the red after having to put aside large amounts of funds for the Payment Protection Insurance (PPI) scandal. The taxpayer-backed institution posted losses almost two times those of the Royal … Continue reading →

Barclays Bank has revealed that Payment Protection Insurance (PPI) complaints are continuing to soar. In the second half of 2011, the bank received nearly 123,000 complaints that were largely in relation to missold PPI as customers sought to claim back … Continue reading →

It has been revealed by the Financial Services Authority (FSA) that billions of missold Payment Protection Insurance (PPI) has not yet been claimed. Announcing figures for 2011, the FSA said that just £2bn had been paid out in compensation, far … Continue reading →

A disabled woman living in Tamworth has warned people about a scam created to take advantage of the Payment Protection Insurance (PPI) scandal. There have previously been warnings about cold callers contacting residents about missold PPI, before then asking for … Continue reading →

The Payment Protection Insurance (PPI) scandal has had a huge effect on the financial industry, causing profits to plummet as banks put by millions of pounds to repay misled customers. With the financial state of institutions being publicly highlighted, many … Continue reading →

The Royal Bank of Scotland (RBS) and Lloyds have revealed that profits have plummeted into the red as a direct result of the Payment Protection Insurance (PPI) scandal. Both of the state-owned financial institutions have had to pay out millions … Continue reading →

Over the past year, the scandal surrounding Payment Protection Insurance (PPI) may have made many people reassess their need for such products. Missold PPI has caused thousands of individuals to pay out for insurance that was not suitable for their … Continue reading →

In a bid to increase its business and offer customers suitable Payment Protection Insurance (PPI), Paymentcare has revealed that it is to increase the commission they offer brokers. Whilst many thousands of people are currently seeking compensation for missold PPI, … Continue reading →