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

[EXC]

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

this is from that link... your so right... Any one reading these comments would be led up the garden path if they thought that's the easiest route...

Right in one.

Frankly he's legally illiterate. That he's given citizen funded national platform on which to peach this garbage is almost unbelievable.

It's not as if he hasn't got form either. He told anyone that would listen (and those that wouldn't) that bank charges were penalties (they're weren't) and that they fell foul of UTCCR (they didn't).

[sba01]

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

Recieved a letter from HFC this morning stating that my complaint has been upheld i now have 6 weeks to send off the 'acceptance of offer' form.
Total reclaimed is £3,357 plus £621.00 interest.

thanks to everyone who has contributed to this thread with all the useful information,and good luck to everyone else who are waiting for a decision on thier claims.

[mosten]

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

In my view, a county court judge is much more likely than the ombudsman to make a real attempt to make sure that the complainant does not lose out. You do not need a lawyer.

The steps are fairly simple and - on the basis of reports we receive to the Consumer Action Group - your compensation level is likely to be much greater than it would be if you complained to the FOS.

this is from that link... your so right... Any one reading these comments would be led up the garden path if they thought that's the easiest route...

[leclerc]

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

BBC News - Lloyds Banking Group pushed into loss by PPI costs

Genuinely do feel sorry for any of the staff in the branches etc who are going to lose their jobs over all these losses.....

They have linked the how to claim bit with Marc Gander's foolishness of telling people to go through the courts. That is very irresponsible of the BBC. Perhaps Marc does not know that there have been county court LOSSES in court and that the FOS is risk free based on the spirit of the regulations and not on hard facts or he said or she said.

[mosten]

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

BBC News - Lloyds Banking Group pushed into loss by PPI costs

Genuinely do feel sorry for any of the staff in the branches etc who are going to lose their jobs over all these losses.....

[MBD23]

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

After confidently making a $509m provision for PPI redress in June, HSBC now appear to admit that they haven't got a clue as to what the true figure will be - according to today's interim results:


''On 20 April 2011, the High Court issued an adverse judgement on the Judicial Review application.
Subsequently the BBA, acting on behalf of its members, confirmed that it would not appeal the
judgement. HSBC Bank plc accepts the High Court’s decision and is working with the FSA and the
FOS in order to ensure all PPI complaints are handled and, where appropriate, redressed in
accordance with PS 10/12.''

''There are many factors affecting the resulting financial impact of the judgement, including the
effect of the decision on the nature and volume of customer complaints; and the extent to which
HSBC Bank plc might be required to take action, and the nature of any such action, in relation to
non-complainants. The extent of any redress that may be required as a result of the decision to
uphold PS 10/12 and the FOS Guidance will also depend on the facts and circumstances of each
individual customer’s case. For these reasons, there is currently a high degree of uncertainty as to
the eventual costs of redress for this matter. There is a provision of US$509m as at 30 June 2011 in
respect of the estimated liability for redress in respect of the possible mis-selling of PPI policies in
previous years.''

http://www.hsbc.com/1/PA_1_1_S5/cont...sbc2011irn.pdf

what this means is they will be trying where they can to defend most of them
------------------------------- merged -------------------------------

Cousin told me today that they are seeing steady stream of offers coming through now...

No big landslide of cases but more regular ones

lloydstb 9k
welcome 5k
abbey 3k
etc etc

welcome and abbey never went on hold

[dogtired]

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

I had a call from FOS today re the two Bank of Scotland, one is upheld but they argue that the other was only covered by "Card Care" both application forms i have as a result of CCA are almost identical but one says "Protection" but mentions "Card Care" and the other just says "Card Care" which is identical in the small print.
She is talking to them again.
I have a feeling they are still trying to get out of it.
The added annoyance that over the weekend I had a letter from Robinson Hall claiming that they are now collecting the Sainsbury one this is dispute me having a letter in my files saying they agreed to a reduced payment plan until September!
Just done a "prove it" letter to send to RH as there was nothing else with this letter but an envelope!
Not sure what this will mean in the grand scheme of things but dispute getting this judgment the banks are still dragging heels!:beagleT

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

STILL nothing from First Direct. Seems they will go to the wire on this one and beyond in all probability. You have to wonder why, since they are going to lose out on interest at the end of the day.

[EXC]

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

Latest edition of Ombudsman News: http://www.financial-ombudsman.org.u...news/95/95.pdf

The key figures are a total of 56,025 PPI complaints received in the last quarter (April, May & June) which is over half of the total for the whole of the previous year.

Uphold rates are down to 55% (from a high of 89% in 09/10) but this is qualified by the refusal of most PPI providers to engage with the FOS and who were receiving many more complaints than they were able to close. But the FOS expect that from now onwards uphold rates will get ''much higher''.

[EXC]

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

After confidently making a $509m provision for PPI redress in June, HSBC now appear to admit that they haven't got a clue as to what the true figure will be - according to today's interim results:


''On 20 April 2011, the High Court issued an adverse judgement on the Judicial Review application.
Subsequently the BBA, acting on behalf of its members, confirmed that it would not appeal the
judgement. HSBC Bank plc accepts the High Court’s decision and is working with the FSA and the
FOS in order to ensure all PPI complaints are handled and, where appropriate, redressed in
accordance with PS 10/12.''

''There are many factors affecting the resulting financial impact of the judgement, including the
effect of the decision on the nature and volume of customer complaints; and the extent to which
HSBC Bank plc might be required to take action, and the nature of any such action, in relation to
non-complainants. The extent of any redress that may be required as a result of the decision to
uphold PS 10/12 and the FOS Guidance will also depend on the facts and circumstances of each
individual customer’s case. For these reasons, there is currently a high degree of uncertainty as to
the eventual costs of redress for this matter. There is a provision of US$509m as at 30 June 2011 in
respect of the estimated liability for redress in respect of the possible mis-selling of PPI policies in
previous years.''

http://www.hsbc.com/1/PA_1_1_S5/cont...sbc2011irn.pdf

[mosten]

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

Cousin told me today that they are seeing steady stream of offers coming through now...

No big landslide of cases but more regular ones

lloydstb 9k
welcome 5k
abbey 3k
etc etc

[JDEH]

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

What I now think the FOS means is that a reasonable time for payout, considering the current circumstances the banks find themselves in, is eight weeks. However, this is not set in stone and banks seem to have different approaches within this frame work. Yesterday I received two offers - one lender said it would pay out in six weeks, the other in 28 days.
JDEH

And just to make it even vaguer, I have received an approval letter from the FOS today which says: "MBNA will aim to complete the payment within the next eight weeks." (!)
JDEH

[JDEH]

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

thanks for that - what did they actually say in writing ?

are you able to put it in writing

What I now think the FOS means is that a reasonable time for payout, considering the current circumstances the banks find themselves in, is eight weeks. However, this is not set in stone and banks seem to have different approaches within this frame work. Yesterday I received two offers - one lender said it would pay out in six weeks, the other in 28 days.
JDEH

[dogtired]

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

[quote=EXC;222647]

The documents seam to indicate that there was no payment cover in place - or have I misunderstood?

This is where we are unsure, the copies are so bad its hard to tell and the other half cannot remember, but just going to chalk it up to experience the account is now paid up and no longer a millstone around his neck and I made him promise not to get another!
DT xx

[stevesouth33]

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

I had a really interesting chat with a guy from the 'redress team' at the FOS yesterday. Over a week ago I got an email from an adjudicator to say that MBNA had decided to pay redress in line with the FOS guidelines. The adjudicator told me that she was passing my complaint over to a different team and they would be in touch to give me more detail about the settlement.

Having heard nothing from the FOS since then I rang them yesterday and got put through to the 'redress' team. The chap I spoke to said that I should expect to get a letter from the FOS within the next four weeks, I asked why it would take four weeks and he said that the agreement they had with the banks was that they had to release upheld complaints in such a way as not to overload the banks. So in this regard MBNA were being given complaints in 'waves'. So I then asked what would be in the letter and he said that would contain the contact details for MBNA and also include the guidelines that the redress would be calculated from.

So I said I already knew the contact details for MBNA and I already knew the guidelines for redress so was it ok to contact MBNA to accept the offer. He said no to that and then clarified that at this first stage in the redress process I could not agree to the redress as the first stage is to agree to allow MBNA to calculate the redress. I said to him at this point that it would be very unlikely for anyone ever to say no to allowing them to calculate the redress, which he agreed to but said that was the process, and that the business had upon me accepting their offer to calculate redress 10 weeks to do so. They would then have a further 8 weeks in which upon acceptance of their offer to pay out that settlement. So crudely speaking that would therefore mean that from the point of agreeing to pay redress the FOS will take four weeks to communicate information that I had already the business then has 18 weeks in which to calculate and pay the redress which amounts in total to 22 weeks.

Much as I support the fact that they should operate to reasonable timescales, I think that this is particularly the 4 weeks for the FOS but more so the 10 weeks to calculate the redress (should not take more than 5 minutes) is taking the ****. If it were not for the fact that this means another 22 weeks worth of interest, I would get more annoyed but it really does begin to beg the question as to what exactly the purpose of the FOS is.