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

[di30]

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.

[nelliewops]

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

Hi hun
Wishing you all the best on the move XX
Yes that is right, roll on for next Weds, and keeping an open mind on the verdict. Xxx

Thanks Di

Yes, even though I've only got one claim left in the pipeline (LTSB loan currently with FOS) I'm keeping everything crossed that this doesn't go the way of the bank charges. I guess from what everyone has said though, that the judgment will only be the beginning of the end rather than the end itself, so we'll all still be in for a much longer wait

[di30]

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

Fine thanks PF..........just very stressed with all this moving house stuff! How're you?

Once we get the JR judgment result hopefully that will be one less thing to worry about though

Hi hun
Wishing you all the best on the move XX
Yes that is right, roll on for next Weds, and keeping an open mind on the verdict. Xxx

[nelliewops]

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

Long time no see how are you.

Regards

Fine thanks PF..........just very stressed with all this moving house stuff! How're you?

Once we get the JR judgment result hopefully that will be one less thing to worry about though

[leclerc]

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

Just a reminder in case anyone asks about appeal and why it has taken so long to make the first decision
Legal Beagles Consumer Forum - View Single Post - Latest updates on PPI Judicial Review and claims on hold

[Angry Cat]

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

She's not wrong:
http://ppi-mis-selling.co.uk/index.php/archives/117

[leclerc]

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

I would keep your eye on Sky News over the next few days. Mark Kleinman has been pretty good with regards to getting important judicial news as he did(unfortunately with the bank charges case).
------------------------------- merged -------------------------------

They know cos I emailed their admin so they would tell their users(about an hour ago).

And until one of their users posted up that there was a judgement about an hour ago, they completely ignored the email. Thankfully, MSE Forum team did respond within about 10 minutes of the email being sent so I guess some forums are interested in the decision and others aren't that fussed.....c'est la vie(I have just got back from work so if you think that is harsh, it is made whilst I am tired).

[di30]

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

http://www.postonline.co.uk/post/new...d-fos-decision

ABI disappointed with FOS decision.

The Association of British Insurers has said it is “disappointed” at the Financial Ombudsman Service’s decision to increase its levy on firms.

James King, Assistant Director ABI said: “We are pleased that the Financial Ombudsman’s Service has recognised the need for proper governance of its reserves, and that it is committed to achieving 10 per cent of efficiency savings. However, we are disappointed that the FOS has decided to increase the levy on firms rather than use its overdraft to cover any additional costs arising from the PPI judicial review.
“The FSA has already said that the majority of PPI complaints should be dealt with by firms meaning that the FOS is unlikely to see a significant reduction in case income. This leads us to question whether this increase is really required at this time.”



Read more: http://www.postonline.co.uk/post/new...#ixzz1JdMsfRJm
Post - Insurance news for the UK. Subscribe now.

[pompeyfaith]

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

I have Woolwich BS, Tesco Card and a couple others to go in which I was going to do this weekend, but ill wait until the end of next week now to see what the Judgement is and the counter arguments to it.
------------------------------- merged -------------------------------
Greetings Nellie,

Long time no see how are you.

Regards

[di30]

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

You and me both! You and me both!

I have a concern though.

When hopefully the decision goes in favour of us the law abiding, tax paying, bank owning customer and the banks choose to appeal.

Can the banks still justify putting complaints on hold? Surely not. Surely they still can't put complaints on hold during any appeal? Who am I trying to kid? Course they can and will.

When they lose this case (yes I am that bloody confident!) yes let them appeal however please do the humane and decent thing Mr Banker. Do not put complaints on hold during any appeal. Do you not think you've caused us the paying customer who own the bloody banks enough misery and stress to last us a lifetime? So Mr Banker, buck up, acknowledge you lost because of your inferior arguement, put your appeal in but in the meantime pay us our bloody money back!

If the decision goes against the banks, what real chance have they of an appeal ruling in their favour?

Well said SoapyBubbles!

I am keeping an open mind, a part of me is telling me it will be in our favour, but another part I am having my doubts.
A sleepness night on the eve of the announcement me thinks, especially to us and everyone who has reclaims on hold due to this!

[SoapyBubbles]

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

Just praying that after this agonising waiting that it goes in our favour, I have butterflies just thinking about it!

You and me both! You and me both!

I have a concern though.

When hopefully the decision goes in favour of us the law abiding, tax paying, bank owning customer and the banks choose to appeal.

Can the banks still justify putting complaints on hold? Surely not. Surely they still can't put complaints on hold during any appeal? Who am I trying to kid? Course they can and will.

When they lose this case (yes I am that bloody confident!) yes let them appeal however please do the humane and decent thing Mr Banker. Do not put complaints on hold during any appeal. Do you not think you've caused us the paying customer who own the bloody banks enough misery and stress to last us a lifetime? So Mr Banker, buck up, acknowledge you lost because of your inferior arguement, put your appeal in but in the meantime pay us our bloody money back!

If the decision goes against the banks, what real chance have they of an appeal ruling in their favour?

[cappo]

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

Just praying that after this agonising waiting that it goes in our favour, I have butterflies just thinking about it!

i,m retaining an optimistic hopefully not unrealistic view in that tell me if i,m wrong guys but if duncan words this correctly and he (don,t ask me how) prevents the banks from appealling if they lose this, couid all be over in a very short time i think this is one of those decisions though that couid go either way.

[di30]

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

Just praying that after this agonising waiting that it goes in our favour, I have butterflies just thinking about it!

[leclerc]

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

We know, MSE Knows but CAG nope they way behind love it

They know cos I emailed their admin so they would tell their users(about an hour ago).

[pompeyfaith]

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

We know, MSE Knows but CAG nope they way behind love it