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

[gazdarke]

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

From Robert Pestons blog:

http://www.bbc.co.uk/blogs/thereporters/robertpeston/


"...So what next? Well the banks could make those two and a half million victims of mis-selling wait another couple of years to be made whole by appealing to the Supreme Court.
Or they could take the view that the prospects of winning in any court are too slim to outweigh the potential for further damage to their respective public images from being seen to defy an unambiguous legal judgement that they let down millions of their customers.
Unless of course they regard their reputations as so impaired that there's nothing left to lose from prevarication."



Give us some hope!

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

c'mon First Direct, where's me £1600 quid? I'm spending it already

[di30]

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

http://www.google.com/hostednews/ukp...1303291935092A

'Huge victory' for bank customers.

[stevesouth33]

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

Having read the full judgement, there does not feel like there is a lot of wiggle room i.e. to the point about having either a 'real chance of winning or a compelling reason why it should be heard' I can't see why having had the a complete 'DUNC'ing today that they could actually find grounds for appeal that either had a real chance (already lost on all three pretty convincingly) or something new, maybe they might suggest that radiation from chernobyl poisoned there judgment, aliens were responsible, they are being picked on by the general public or they simply can't afford the compensation!

[di30]

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

From over at MSE, read this - post number 15851

http://forums.moneysavingexpert.com/...1#post43004388

???

Think that company must have promised to get on with complaints if the JR wasn't won, we have yet got to wait to see if they appeal!

[di30]

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

I have emailed Lloyds anyway, despite having a good idea on what they will come back with (if they do), and copied it to CEO.
I asked them to put me in the picture of my ongoing complaints they are holding since the announcement this morning.

[leclerc]

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

http://www.bailii.org/ew/cases/EWHC/Admin/2011/999.html

If you don't have MS Word then you can read the judgement at this addy. Quite a good read really

[leclerc]

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

So its three steps forwards and two back?
What if FOS decided against you because of the age of the claim?

Why would the FOS do this?
I would simply say that today's decision is one step forward because we now have a decision that we can read and hopefully understand. The decision to take the PPI case to JR was of the BBA's own making in October 2010 and now in April 2011 we have permission granted and the JR thrown out on all counts.
If we have to make an analogy with the bank charges case, the first decision was more or less a draw, ie charges being penalties was won by the BBA and the OFT only won on UTCCR. In the PPI judgement, the BBA lost on all counts they were contending which is pretty much a convincing judgement.
I kinda feel like groundhog day again but the appeal is likely, but there is not necessarily going to be a change in the judgement. We'll have to wait and see why they are appealing.

[di30]

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

I may actually send Lloyds another email, although expected to be told the same.
Will copy it to the CEO, for some strange reason they tend to get back a little quicker lol.

[dogtired]

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

So its three steps forwards and two back?
What if FOS decided against you because of the age of the claim?

[LouieJ]

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

So what have we learnt today from this "fast-tracked case"?

The JR was pointless in the first instance... we knew it, the FSA knew it, the FOS knew it and most of all the BBA/Lenders knew it...... but they did win.. you see... it's been 6 months since a pause in claims... and now 3 more weeks to decide to appeal... which they will

and then?

another 6-12 months wait?

this was the masterplan from the off... win lose draw... "they always win"

You've missed out the final result? After the appeal do you assume they will "win"?
If they loose the appeal how can you say they have won?

[The_Big_Dog]

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

This is RBS Group's stance on things (just received it).

It's also marked PRIVATE & CONFIDENTIAL!

20 April 2011

VERY IMPORTANT PLEASE READ

Dear Sir/Madam



Your Customers’ Payment Protection Insurance with The Royal Bank of Scotland Group


You have made complaints on behalf of your customers about the sale of their Payment Protection Insurance (“PPI”).

Although the judgment (following the recent Judicial Review) has recently been delivered, we and the BBA are still considering its implications. We will contact you and your customers once this analysis has been completed and once we know whether any of the parties plans to appeal. Following this, if there are no appeals, we will have clarification as to the standards against which your customers’ complaints should be assessed which will allow us to make a final decision and respond to their complaint.

If any of the parties to the proceedings do decide to appeal, this could lead to our mutual customers’ complaints continuing to be placed on hold until the appeals process is complete. We will write to each of your customers and yourselves to update further once the precise position is known.


Yours faithfully



Mark Bayliss
Senior Operations Manager


The Royal Bank of Scotland plc, Registered in Scotland No. 90312. Registered Office: 36 St Andrew Square, Edinburgh EH2 2YB

Authorised and regulated by the Financial Services Authority.

This e-mail message is confidential and for use by the addressee only. If the message is received by anyone other than the addressee, please return the message to the sender by replying to it and then delete the message from your computer. Internet e-mails are not necessarily secure. The Royal Bank of Scotland plc does not accept responsibility for changes made to this message after it was sent.

Whilst all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by The Royal Bank of Scotland plc in this regard and the recipient should carry out such virus and other checks as it considers appropriate.

[leclerc]

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

"Permission to appeal may be given only where –

(a)the court considers that the appeal would have a real prospect of success; or

(b)there is some other compelling reason why the appeal should be heard."

Permission will be granted if they appeal.
Summer recess is end of July so I would expect the any decision would be in that kinda timescale potentially.

[Paul210]

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

This is the first part of the process. Permission for the JR was given and then the JR was dismissed. The appeal is more than likely so whilst today's decision is good, and was not unexpected from the early reports coming out the High Court during the case the likelihood is an appeal.
I guess the next question really needs to be asked is about timescale for the appeal, ie 21 days to appeal and how long after that will a hearing occur.

is fasttracked so hopefully not too long but have to bear in mind summer recess approaching fast, if doesnt get in before then a decision on any appeal following hearings etc could well be nov/dec.

[leclerc]

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

This is the first part of the process. Permission for the JR was given and then the JR was dismissed. The appeal is more than likely so whilst today's decision is good, and was not unexpected from the early reports coming out the High Court during the case the likelihood is an appeal.
I guess the next question really needs to be asked is about timescale for the appeal, ie 21 days to appeal and how long after that will a hearing occur.