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

[EXC]

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

This is beyond ridiculous, why have FOS not taken action? (beyond a "really" scary letter)

Because ''Parliament did not give the ombudsman enforcement powers''.

But it did give them to the FSA:

''We can pass information to the FSA and the OFT about any business they regulate or license that fails to co-operate with us. The FSA can – and does – take action against firms it regulates that refuse to do what the ombudsman has requested.''

http://www.financial-ombudsman.org.u...l_decision.pdf

[ncf355]

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

This is beyond ridiculous, why have FOS not taken action? (beyond a "really" scary letter)

Tail wagging the dog ?

[EXC]

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

According to the FOS Board minutes for December - just published - some large financial firms are refusing to give the FOS ''any information at all'' about individual PPI cases.

The FOS are due to set the level of the increase to the compulsory jurisdictional levy to fund it's shortfall in PPI case fee revenue this month, but are hoping that the outcome of the JR will be known before deciding on a figure.

http://www.financial-ombudsman.org.u...utes-dec10.pdf

[Class Act]

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

more regarding my earlier post re post number 1956

http://www.independent.co.uk/news/bu...e-2241339.html

Nobody seems to quote or know the impact on the Banks if they WIN the JR!!! It all seems to be on if they lose, which brings me back to the fact that if they win will there be any impact on them at all????

Reading these comments and other alike it would appear there wont be!!

[cappo]

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

more regarding my earlier post re post number 1956

http://www.independent.co.uk/news/bu...e-2241339.html

[pompeyfaith]

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

Indeed my heart bleeds lol

[cappo]

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

Indeed Debtisbad it is almost like it, is ok all the time we are getting away with selling it, its a pitty they did not think of these implications before they started selling the product.

Now that they have been caught out with there trousers down they are like a swarm of bees around a honey pot trying to do anything possible to limit the damage to themselves with not a thought to the inocent consumer.

very eloquently put p.f you can,t help but feel sorry for them can you, i notice that now the result of the j.r is due in there starting to whinge about how hard up they are maybe they hope judge ousley might be listening.

[pompeyfaith]

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

It always astounds me when I read statements like this. What impact do you think the mis-selling of PPI had on the finances of the individual customers ripped off by the banks. It's almost like is does not matter.

Indeed Debtisbad it is almost like it, is ok all the time we are getting away with selling it, its a pitty they did not think of these implications before they started selling the product.

Now that they have been caught out with there trousers down they are like a swarm of bees around a honey pot trying to do anything possible to limit the damage to themselves with not a thought to the inocent consumer.

[cappo]

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

[QUOTE=debtisbad;203478]"The outcome of the judicial review into Payment Protection Insurance (PPI) will have a significant impact on banks. If they lose the case, the potential compensation bill will be significant."

It always astounds me when I read statements like this. What impact do you think the mis-selling of PPI had on the finances of the individual customers ripped off by the banks. It's almost like is does not matter.[/Q

hear hear DB:beagle:

[debtisbad]

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

"The outcome of the judicial review into Payment Protection Insurance (PPI) will have a significant impact on banks. If they lose the case, the potential compensation bill will be significant."

It always astounds me when I read statements like this. What impact do you think the mis-selling of PPI had on the finances of the individual customers ripped off by the banks. It's almost like is does not matter.

[EXC]

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

latest communique regarding the banking sector (sorry nothing to do with the j.r)


http://www.independent.co.uk/news/bu...e-2241099.html

The KPMG report does mention the JR and also that at one time PPI represented a quarter of some banks' retail profits.

''Fee income collapse
The outcome of the judicial review into Payment Protection Insurance (PPI) will have a significant impact on banks. If they lose the case, the potential compensation bill will be significant. But regardless of the outcome, the income banks earned from payment protection fees will never return to the levels seen in 2006-2007, when it represented up to 25 percent of the profits of some retail banking divisions.''

http://www.kpmg.com/UK/en/IssuesAndI...ccessible3.pdf

[debtisbad]

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

Fool.co.uk - Are Our Banks Safe Yet?


Angela Knight(your friend and mine) speaking to the fool......(not sure if that is the right way round really ).

She is a bigger Fool than Fool. I have never heard someone put so much spin into their rhetoric.

[leclerc]

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

Fool.co.uk - Are Our Banks Safe Yet?


Angela Knight(your friend and mine) speaking to the fool......(not sure if that is the right way round really ).

[cappo]

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

latest communique regarding the banking sector (sorry nothing to do with the j.r)


http://www.independent.co.uk/news/bu...e-2241099.html

[Angry Cat]

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

Perhaps, it was an administrative error on the part of HSBC?
Sounds like a good excuse...