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

[di30]

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

Ahhhh, Lloyds, helpful as ever!!!

LOL, that's right Paul, the usual response, I don't know why I bother to be honest, just trying my luck I suppose lol.

Just noted as well - some info over at MSE as well on the PPI D Day.

http://www.moneysavingexpert.com/new...y-on-wednesday

A crucial High Court ruling that could force banks to re-open thousands of claims for mis-sold payment protection insurance (PPI) will be made this week.
The British Bankers' Association (BBA), the banks' trade body, is attempting to overturn tough rules laid down by the City watchdog, the Financial Services Authority (FSA) that could mean justice for millions of victims.

A judgement will be handed down at 10am on Wednesday, the Judiciary office for England and Wales has confirmed.



More to follow on the above link .

[Paul210]

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

I am unaware of how all complaints will be dealt with once the judicial review has come to an outcome; however, we will aim to keep you updated once the outcome has been made

Ahhhh, Lloyds, helpful as ever!!!

[di30]

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

I e-mail Customer Lloyds to ask for updates, despite receiving letters every few weeks.
So last night left them an email to ask how soon depending on the outcome of the JR will they be getting on with the reclaim complaints.
Email received this morning here below....

Thank you for your e-mail sent on the 17th April 2011.

We hope to provide you with a response as soon as we possibly can. Unfortunately I am unaware of how all complaints will be dealt with once the judicial review has come to an outcome; however, we will aim to keep you updated once the outcome has been made. I apologise for any inconvenience caused.

Kind regards,

Lloyds TSB Customer Care

[di30]

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

Another lender getting on board -

Just had sight of an offer from HFC in response to a complaint lodged Feb, whilst HFC never actually notified this particular complaint would be held pending JR result it has previously been both their and HSBC (parent co) policy to put all claims on hold.

Very interesting timing, when combined with H-fax change of heart could this be a positive sign at last????

Well done Paul, its defo looking good, and hopefully means a positive sign.

[Paul210]

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

Another lender getting on board -

Just had sight of an offer from HFC in response to a complaint lodged Feb, whilst HFC never actually notified this particular complaint would be held pending JR result it has previously been both their and HSBC (parent co) policy to put all claims on hold.

Very interesting timing, when combined with H-fax change of heart could this be a positive sign at last????

[ncf355]

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

So,

do we have anyone attending Wednesday to give us the lowdown?

[di30]

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

I have a feeling if the banks lose, fines will be handed out to the banks who held up complaints Hence why the Halifax have started to redress its consumers i.e damage limitation in that the fsa is likely to take that into consideration when handing out the fines.

That's a thought PF, and there's now a massive amount of backlog too to get through, so no wonder Halifax are cracking on, lets hope others follow the same course.
And afterall, despite the JR, it was said they should have still got on with investigating complaints!

[pompeyfaith]

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

I have a feeling if the banks lose, fines will be handed out to the banks who held up complaints Hence why the Halifax have started to redress its consumers i.e damage limitation in that the fsa is likely to take that into consideration when handing out the fines.

[di30]

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

Hi Di,

I was gonna reply and say surely no bank would pay out now if they thought for one minute that the Judicial Review would work out in their favour.

There again Santander have been processing complaints from the start regardless of the Judicial Review and it's outcome.

Hi hun

Yes I know what you mean, its rather baffling isn't it?

Maybe this is why Halifax are getting on with them because they will have so many to catch up on and so on, yet I do think Lloyds and possibly Barclays will not be in any rush. (that's if it is in our favour).
I really don't know what to think to be honest.:tinysmile_hmm_t2:

[SoapyBubbles]

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

Hi Di,

I was gonna reply and say surely no bank would pay out now if they thought for one minute that the Judicial Review would work out in their favour.

There again Santander have been processing complaints from the start regardless of the Judicial Review and it's outcome.

[di30]

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

I hate to speculate but.......

the Halifax used the Judicial Review to put PPI complaints on hold for months.

Then recently they began to send unexpected letters out to customers that had their PPI complaints put on hold that their refunds were NOW being processed even though the decision of the Judicial Review was and still is unknown.

Then within a matter of days (maybe a week) after people began posting about the Halifax's sudden turn around we the public find out that the date for the outcome of the Judicial Review is to be handed down on Wednesday.

Speculative or something more?

That did enter my mind too Soapybubbles, and someone on MSE had recently received a letter of success after the case was on hold with them for a few months.
Food for thought perhaps.

[SoapyBubbles]

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

I hate to speculate but.......

the Halifax used the Judicial Review to put PPI complaints on hold for months.

Then recently they began to send unexpected letters out to customers that had their PPI complaints put on hold that their refunds were NOW being processed even though the decision of the Judicial Review was and still is unknown.

Then within a matter of days (maybe a week) after people began posting about the Halifax's sudden turn around we the public find out that the date for the outcome of the Judicial Review is to be handed down on Wednesday.

Speculative or something more?

[di30]

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

Not long now folks...........3 days from today and counting down.
Anxious yes, like we all are, but with an open mind.

[di30]

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

No nothing yet unfortunately Cappo :tinysmile_cry_t:, suppose its just a matter of waiting for the outcome of the review in the new coming week.

[cappo]

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

News from 26 March 2011

http://www.dailymail.co.uk/money/art....html?ITO=1490

High Court PPI case to end but refund struggle will go on.


Judgment in the court case over complaints about payment protection insurance is expected shortly. But whatever the outcome, victims are still expected to face a struggle to get refunds.
PPI policies were mis-sold in their millions, mainly alongside personal loans, with banks being the biggest culprits as they chased the vast profits built into the deals.
PPI premiums, occasionally exceeding £10,000, were simply added by lenders to borrowers' loans. Sometimes the PPI, which is supposed to meet borrowers' repayments if they lose their income, has proved useful. But often borrowers were ineligible for the cover or didn't even know they had been sold it.






This led to hundreds of thousands of complaints, many of which were rejected by banks. But complainants who took disputes to the Financial Ombudsman Service usually won.


Read more: Above link.

any news di re your claims