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

[di30]

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

Nothing exactly new as such really lol.


http://www.compliancy-services.co.uk...omplaints-rise

Which? blasts banks over PPI complaints rise
31 March 2011 at 18:38.


The UK's banks have been criticised by consumer watchdog Which? over the escalating number of complaints relating to payment protection insurance (PPI).

Figures released this week by the Financial Services Authority (FSA) reveal that the number of customer complaints made over PPI rose by 63 per cent in the second half of last year.
Which? claimed this figure shows that the mis-selling of PPI packages has been widespread throughout the financial services industry for some time.
It also accused banks of using an ongoing Judicial Review of FSA rules over the handling of PPI complaints to delay processing customer grievances.

"A 63 per cent increase in the number of PPI complaints shows the widespread mis-selling that's been going on for years," said Which? chief executive Peter Vicary-Smith
"With almost half a million PPI complaints made in six months, the industry has to stop trying to wriggle out of its responsibility to customers. We're also seeing a worrying trend of banks using the Judicial Review as an excuse to delay processing complaints."
The FSA's figures showed that Barclays Bank was the most complained about financial services firm in the second half of 2010 with 205,151 complaints received.

[di30]

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

Nothing back from the judge yet.

I'm wondering if one of the parties have raised any significant errors of fact that would entail more work on the judgment - just guessing though.

Good thinking EXC, maybe this is the case perhaps.

[EXC]

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

Nothing back from the judge yet.

I'm wondering if one of the parties have raised any significant errors of fact that would entail more work on the judgment - just guessing though.

[Chip Tuesday]

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

Can't believe this is STILL dragging itself out! I know they said they should be done by Easter, but the daffs are out, the Easter bunny's stocking up on choccie and the chicks are hatching out BUT STILL NO DECISION - buck up Ousley!

CT

[di30]

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

March news.....possibly already posted perhaps??

http://www.mortgagestrategy.co.uk/ge...027256.article

Call for BBA to take responsibility for PPI review.


Credible claims management companies should not be forced to foot the bill for lost case fee income pending the outcome of the judicial review into payment protection insurance, claims Mike Ransom, managing director of Investor Compensation.


Investor Compensation, which is part of the Mitchell Farrar Group, argues calls from the Association of British Insurers encouraging the Financial Ombudsman Service to force claims management firms to contribute to its funding are based on flawed foundations.
The ABI believes the ongoing review into PPI, which was brought by the British Bankers’ Association, has led to an influx of unsubstantiated PPI claims.

Ransom says PPI cases now account for approximately a quarter of claims being referred to the FOS and its fee structure will not bring in the necessary funding.
He says: “Credible claims management companies should not be forced to pick up the bill in the meantime. Whilst some claims organisations may aggressively seek out potential cases, causing such an influx, a credible claims management company will validate all payment protection complaints they take on.
“Every case will be a credible one - all cases that are submitted to the FOS have an eight-page questionnaire detailing the nature of the complaint.”
Ransom argues the BBA ought to take responsibility for the review.
He says: “Credible cases, lost causes have led to ombudsman budget woes. It is the banks who should be paying the price for this phenomenon due to their widespread mis-selling.
“The judicial review has been brought by the BBA into payment protection insurance and they should be held accountable.”

[di30]

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

I spoke to listings and they e-mailed the judge on Friday to find out what's going on but he hasn't got back to them yet. I'm calling them daily so I'll try again tomorrow.

Thats fab EXC, hope you hear something soon and good one!

[EXC]

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

I spoke to listings and they e-mailed the judge on Friday to find out what's going on but he hasn't got back to them yet. I'm calling them daily so I'll try again tomorrow.

[leclerc]

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

still no idea when it will be then...? they are really dragging this one out...

the bank charges test case took more than 6 months to even get to court, I think we have hardly seen 6 months since the BBA decided to challenge the rules in October 2010. I know it appears to be taking ages and patience is difficult but the judicial process does not really care for our boredom, so to speak .

From this thread, the likelihood is that it will be given within the next 4 weeks more or less once the judgement is completed and scheduling of a hearing to hand it down. Exc, would be better placed to offer a more specific opinion, I would say.

[di30]

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

Hiya

Just got on now.
Not came across any updates up to now.
Yeah looks like its going to be dragged out doesn't it?

[mosten]

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

still no idea when it will be then...? they are really dragging this one out...

[cappo]

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

http://www.publications.parliament.u...y/612/612i.pdf
Treasury select committee pages 24-48 cover retail banking

Written and oral evidence
http://www.publications.parliament.u.../612/612ii.pdf

Additional written evidence
http://www.publications.parliament.u.../612/612vw.pdf

nice one nattie:beagle:
------------------------------- merged -------------------------------
watcha p.f
------------------------------- merged -------------------------------
hi di

[leclerc]

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

food for thought!


http://www.independent.co.uk/news/bu...s-2260091.html

http://www.publications.parliament.u...y/612/612i.pdf
Treasury select committee pages 24-48 cover retail banking

Written and oral evidence
http://www.publications.parliament.u.../612/612ii.pdf

Additional written evidence
http://www.publications.parliament.u.../612/612vw.pdf

[cappo]

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

food for thought!


http://www.independent.co.uk/news/bu...s-2260091.html

[LouieJ]

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

HSBC had a link on information about PPI on there website which directed you to the BBA. It seems to have been removed, or I just can't see it????

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

Obviously this was not my intention.

I tried to give an honest opinion on the basis that the FOS had already rejected his case and Cap One ususally gave "no advice". If he feels that the adjudicator is wrong then he should refer to an Ombudsman for a final decision.

yes, agreed, he should defo appeal their decision not to look into this. don't ask, don't get.