Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

I am checking the prices on my broker quote system... but I am sure there are financial reporting sites who will print the story soon, i will link them up.

Currently Lloyds are trading at 55p down 5.2%, which is just massive.

Cheers for that.

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

Have you the link NLP please? cheers.

I am checking the prices on my broker quote system... but I am sure there are financial reporting sites who will print the story soon, i will link them up.

Currently Lloyds are trading at 55p down 5.2%, which is just massive.

[AndyRogers]

Re: Latest updates on PPI Judicial Review and claims on hold

It is good news reading between the lines of what Lloyds have done, but until I see it in writing then won't believe it

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

You will all be happy to hear Lloyds are being butchred in the City this morning.... down over 5%!!
------------------------------- merged -------------------------------
btw - they have made a "prudent PROVISION"

so they are hedging.

Have you the link NLP please? cheers.

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

You will all be happy to hear Lloyds are being butchered in the City this morning.... down over 5%!!
------------------------------- merged -------------------------------
btw - they have made a "prudent PROVISION"

so they are hedging.

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

That is positive news, does seem like a good sign.
That's right PF better late than never.

[pompeyfaith]

Re: Latest updates on PPI Judicial Review and claims on hold

this could be the start of mass redress to Lloyds banking group consumers and no appeal by the BBA.

Well done Lloyds better late than never

[ncf355]

Re: Latest updates on PPI Judicial Review and claims on hold

Cheers EXC

BBC article on the same

[EXC]

Re: Latest updates on PPI Judicial Review and claims on hold

Lloyds accounts, published this morning, have made a whopping £3.2 billion provision for Root Cause Analysis redress, to which they have appeared to agreed with the FSA to conduct

It looks like they've thrown in the towel as far as getting anywhere with the Judicial Review is concerned.


On 8 October 2010, the British Bankers Association (BBA), the principal trade association for the UK banking and
financial services sector, filed an application for permission to seek judicial review against the FSA and the FOS.
The BBA sought an order quashing the FSA Policy Statement and an order quashing the decision of the FOS to
determine PPI sales in accordance with the guidance published on its website in November 2008. The Judicial
Review hearing was held in late January 2011. On 20 April 2011, judgment was handed down by the High Court
dismissing the BBA’s application. The BBA, in conjunction with its members, is now giving consideration to the
next steps including whether it would be appropriate to apply for permission to appeal. The application to apply for
permission to appeal must be made by 10 May 2011.


Since publication of the judgment, the Group has been in discussions with the FSA with a view to seeking clarity
around the detailed implementation of the Policy Statement. As a result, and given the initial analysis that the
Group has conducted of compliance with applicable sales standards which is continuing, the Group has concluded
that there are certain circumstances where customer contact and/or redress will be appropriate. Accordingly the
Group has made a provision of £3,200 million in respect of the anticipated costs of such contact and/or redress,
including administration expenses. There are still a number of uncertainties as to the eventual costs from any
such contact and/or redress given the inherent difficulties of assessing both the impact of detailed implementation
of the Policy Statement for all PPI complaints, uncertainties around the ultimate emergence period for complaints,
the availability of supporting evidence and the activities of claims management companies, all of which will
significantly affect complaints volumes, uphold rates and redress costs.

http://www.lloydsbankinggroup.com/me...LBG_Q1_IMS.pdf

[Class Act]

Re: Latest updates on PPI Judicial Review and claims on hold

Like what?

Like, is it still happening this week?

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

Anything further?

Like what?

[cappo]

Re: Latest updates on PPI Judicial Review and claims on hold

http://www.blog.rippedoffbritons.com...e-bankers.html





can anyone confirm this article re appeal below






http://www.credit-card-comparison-on...-ppi-case.html

[Class Act]

Re: Latest updates on PPI Judicial Review and claims on hold

Banks will be appealing, as we all have guessed.

BBA will announce next week.

Anything further?

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

http://www.bbc.co.uk/news/business-13265128

4 May 2011 Last updated at 10:34

PPI: How to reclaim your premiums.

The payment protection insurance (PPI) mis-selling scandal is coming to a head.
The UK's banks are still deciding whether to apply to appeal against a High Court ruling that they must obey new rules on the sale of PPI.
The aspect they find most vexing is that they are being prompted to contact all past purchasers of this insurance to invite them to lodge a claim for mis-selling.
Millions of people have either paid large one-off lump sums, or monthly insurance premiums.

So what can you do in the meantime if you think you have been mis-sold this insurance?

More to follow on above link.

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

I doubt we'll hear anything until the appeal has been filed at the court. I'm going to speak to the Court of Appeal on Friday and, if they've not had anything, again on Tuesday and Wednesday morning - the appeal has to be lodged at court by 5.30 on Tuesday but they stop answering the phone at 4.30.

Cheers.
Good luck on getting in touch with them EXC.