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

[millymollymoo]

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

IMO if the judge rules for the banks then there is no point having the FSA or the OFT as that undermines everything they are supposed to do.

[cappo]

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

Hello troops and troopers and trooperesses......

I know patience is the name of the game but even if it does nothing, I'm gonna do something. Does that even make sense?

Firstly I have no issues with how long it takes for a final decision to be reached. There is nothing I can do about that. My issue lies with the way the banks blatantly defy their regulator by not processing complaints during the Judicial Review.

Can someone please clarify exactly how banks 'should' be processing complaints during the Judicial Review?

Are they allowed to put some on hold? None? Them all? Only ones affected by the Judicial Review? If they are only allowed to put complaints on hold that are directly affected by the Judicial Review, who decides what complaints are affected then? The banks? Hardly fair if this is the case.

I know I can go to FOS but as I have said in previous posts I could be looking at up to 2 years and maybe more for a decision. I am claiming quite a bit of missold PPI on behalf of my dad. He is in his early 60's and hopes to retire in the next 6-12 months. He has worked and paid his taxes all his life. Why should he have to wait 2 years and maybe more on the FOS to get a decision on his case just because the banks are getting way with treating their regulator with complete and utter contempt. Why should my mum and dad not enjoy their retirement now with money the banks owe them for missold PPI? It's the banks that should be sorting out the complaints not the FOS. How can they get away with this? How? Why? We the tax payer own the bloody banks and they still get to treat us like something on the bottom of their £500 loafers!



I have drafted a two very strong worded letters for Barclays and MBNA with regards to their stance on processing complaints. However as stated above I would like clarification on how EXACTLY the FSA have asked the banks to process PPI complaints during the Judicial Review.

I have also been in contact with my local MP. You might of heard of his father, Ian Paisley. His son is also called Ian. He has personally acknowledged my correspondence about the issue and hopes to get back to me within a timely manner.

I know this might achieve absolutely nothing but I just wanna do something. I want to annoy, pester, contact, call, e-mail and send letters to the banks as often as possible.

Thanks for reading.

i don,t blame you my man as di said go for it and i for one totally agree

[di30]

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

WOW, good on your SoapyBubbles.

My attitude it if you don't try you will never know.

Anything is worth a try!. Just to get it off your chest as well I think helps x
And good luck too.

[SoapyBubbles]

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

Hello troops and troopers and trooperesses......

I know patience is the name of the game but even if it does nothing, I'm gonna do something. Does that even make sense?

Firstly I have no issues with how long it takes for a final decision to be reached. There is nothing I can do about that. My issue lies with the way the banks blatantly defy their regulator by not processing complaints during the Judicial Review.

Can someone please clarify exactly how banks 'should' be processing complaints during the Judicial Review?

Are they allowed to put some on hold? None? Them all? Only ones affected by the Judicial Review? If they are only allowed to put complaints on hold that are directly affected by the Judicial Review, who decides what complaints are affected then? The banks? Hardly fair if this is the case.

I know I can go to FOS but as I have said in previous posts I could be looking at up to 2 years and maybe more for a decision. I am claiming quite a bit of missold PPI on behalf of my dad. He is in his early 60's and hopes to retire in the next 6-12 months. He has worked and paid his taxes all his life. Why should he have to wait 2 years and maybe more on the FOS to get a decision on his case just because the banks are getting way with treating their regulator with complete and utter contempt. Why should my mum and dad not enjoy their retirement now with money the banks owe them for missold PPI? It's the banks that should be sorting out the complaints not the FOS. How can they get away with this? How? Why? We the tax payer own the bloody banks and they still get to treat us like something on the bottom of their £500 loafers!



I have drafted a two very strong worded letters for Barclays and MBNA with regards to their stance on processing complaints. However as stated above I would like clarification on how EXACTLY the FSA have asked the banks to process PPI complaints during the Judicial Review.

I have also been in contact with my local MP. You might of heard of his father, Ian Paisley. His son is also called Ian. He has personally acknowledged my correspondence about the issue and hopes to get back to me within a timely manner.

I know this might achieve absolutely nothing but I just wanna do something. I want to annoy, pester, contact, call, e-mail and send letters to the banks as often as possible.

Thanks for reading.

[cappo]

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

Maybe Ousley is struggling to decide on what the current law considers to be the right outcome?

Surely 'justice' would mean that the average man on the street (i.e. those that need loans/credit) are not allowed to be bullied (in some cases) and misled into handing over hard earned money simply to add extra money to the excessive profits made by banks (pre credit-crunch and post-bailout)?

Is it fair and equitable for someone in debt to pay thousands more in interest and insurance premiums (especially when the premium is not reflective of actaul risk, but instead highly inflated by huge inherent secrect commissions paid to the distributors by the insurers)?

Personally, I am amazed by some of the county court cases that ruled secret commissions and high PPI premiums and interest payments were lawful - either the lawyers didn't argue the case well, or the wrong point of law was argued.

Serious questions must be asked if Banks get away with this.

i,ve now heard from the fos who have tried to justify that capital 1 don,t have to justify the fact that they recieved a secret commission for selling my ppi i couid,nt believe it so it goes on with the fos as well

[Danlaw]

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

Maybe Ousley is struggling to decide on what the current law considers to be the right outcome?

Surely 'justice' would mean that the average man on the street (i.e. those that need loans/credit) are not allowed to be bullied (in some cases) and misled into handing over hard earned money simply to add extra money to the excessive profits made by banks (pre credit-crunch and post-bailout)?

Is it fair and equitable for someone in debt to pay thousands more in interest and insurance premiums (especially when the premium is not reflective of actaul risk, but instead highly inflated by huge inherent secrect commissions paid to the distributors by the insurers)?

Personally, I am amazed by some of the county court cases that ruled secret commissions and high PPI premiums and interest payments were lawful - either the lawyers didn't argue the case well, or the wrong point of law was argued.

Serious questions must be asked if Banks get away with this.

[EXC]

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

Nothing listed yet I'm afraid.

I'm away for a couple of weeks so won't be able to speak to the court but if anyone fancies it the number is 020 7947 6655 and press 1 for listings. The case number is 10619/2010.

Failing that keep an eye on the daily cause list which is updated early afternoons for the next day Administrative Court and Divisional Courts sitting at the Royal Courts of Justice


My own view is that the judge should take as long as he thinks fit in order to reach the right decision. A lot of what is as stake is how much discretion the FSA should be afforded in dealing with what is an unprecedented mis-selling scandal and the case could turn on a matter of judgment as much as the letter of the law.

ICOB and ICOBS alone were not designed to prevent errant behavior on such an industrial scale and so the longer Justice Ousley looks at the issue the better.

[ncf355]

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

Cant believe its still dragging on this long... Still no news from the court then guys and gals..?

Mosten,

unfortunately we all need to be patient on this

Have to accept that this is not the only case the judge is dealing with, but now it also comes down to when the BBA and FSA/FOS legal team are available to hear the judgment

Before easter has been mentioned as possible, but even if it took until June, we'd be way ahead of the bank charges case time wise

[di30]

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

Nothing yet I don't think unfortunately.

However, wasn't it in the pipeline around Easter time?

Saying that even on a decision already made it will be some time before we know, and we know what's possibly likely to happen then, there will be appeals from the losing side which again will probably take some time.

The banks are loving it I expect lol.

Will keep an open mind me thinks.

[mosten]

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

Cant believe its still dragging on this long... Still no news from the court then guys and gals..?

[Paul210]

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

the judicial review guys,if the banks lose the review, will fos say also reopen old cases that they rejected because of rules that were in use at the time going back say pre fsa but gisc or abi forgive me all of you for being a stroke head but that is what the jr is all about isn,t it.

the Jr centres around the FSA policy statement of last year and their use of principles in addition to ICOBS, whilst it would set precedent for the use of principles in addition to basic rules I'm not sure FOS would be able to use this in cases which predate the FSA. Also, FOS have been using the principles basis for some time now (hence they are named in JR as well) and stil managed to reject the cases you mention so not sure how much this position would change, if at all.

[cappo]

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

the judicial review guys,if the banks lose the review, will fos say also reopen old cases that they rejected because of rules that were in use at the time going back say pre fsa but gisc or abi forgive me all of you for being a stroke head but that is what the jr is all about isn,t it.

[di30]

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

this is for di


Banking Report: - Yahoo! News UK

Cheers Cappo

[cappo]

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

this is for di


Banking Report: - Yahoo! News UK

[Class Act]

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

class act
can you clarify what you mean re mailing
thanks

Under ICOB, all really the banks had to do was mail or send information to the consumer in a "durable medium".

The FSA knowing that millions of people had potentially been mis sold, have tried to address this by using the principles to paint over the lack of rules that ICOB allowed them (the banks) to get away with.

This is also the reason why ICOBS was brought in (i suspect), as ICOB were essentially not tough enough. ie the rules were in place but offered little or no protection to the consumer.