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

[MattyA]

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

I am not an expert-just an ordinary guy who claimed back thousands successfully. Once in the hands of the FOS, you have to wait a long time, but they do eventually get around to it. Keep copies off correspondence and telephone calls. Wait...and wait...and wait....

Your time will come.

Indeed - patience is a virtue & all the time you wait interest is being added..
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Mine was with the FOS for 2 yr 4 mths and thats without the JR being in the way as Debtisbad says your time will come and look at it this way the longer they take the more statutory interest the banks have to pay out and that does mount up over a period of time.

So in short yes its a pain having to wait but every day costs the bank.

The statutory interest rate is also a lot better than you will get at any bank if you saved it.

I agree totally (fingers crossed for me)

Matty

[pompeyfaith]

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

Mine was with the FOS for 2 yr 4 mths and thats without the JR being in the way as Debtisbad says your time will come and look at it this way the longer they take the more statutory interest the banks have to pay out and that does mount up over a period of time.

So in short yes its a pain having to wait but every day costs the bank.

The statutory interest rate is also a lot better than you will get at any bank if you saved it.

[debtisbad]

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

In March Barclays placed 2 loan PPI misselling complaints on hold due to the JR, which I then sent to the FOS.
I spoke to FOS on Friday and they haven't yet assigned these to a complaints "handler". As there is not now going to be any appeal and Barclays may start dealing with the backlog does anyone know if I can withdraw my 2 complaints from FOS to see if Barclays deal with them?

It would seem sensible if this was an option as they have not started processing them and it would lessen the load of the FOS.

I am not an expert-just an ordinary guy who claimed back thousands successfully. Once in the hands of the FOS, you have to wait a long time, but they do eventually get around to it. Keep copies off correspondence and telephone calls. Wait...and wait...and wait....

Your time will come.

[di30]

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

PPI banks may be unable to grab bonuses

http://www.thisismoney.co.uk/news/ar...5&in_page_id=2

Banks will face a legal minefield if they try to claw back bonuses from executives involved in the PPI mis-selling scandal, according to industry insiders.

Leading banks are now considering whether to invoke clawback powers on executives who oversaw retail operations when Payment Protection Insurance sales were at their height. Compensation to customers mis-sold policies is expected to run into billions – and banking bosses pocketed millions of pounds in bonuses during the years in which the mis-selling took place.


Read more: http://www.thisismoney.co.uk/news/ar...#ixzz1N5mvTIoT

[flossie]

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

In March Barclays placed 2 loan PPI misselling complaints on hold due to the JR, which I then sent to the FOS.
I spoke to FOS on Friday and they haven't yet assigned these to a complaints "handler". As there is not now going to be any appeal and Barclays may start dealing with the backlog does anyone know if I can withdraw my 2 complaints from FOS to see if Barclays deal with them?

It would seem sensible if this was an option as they have not started processing them and it would lessen the load of the FOS.

[Garlok]

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

You are absolutely right Debtisbad. Barclays have always considerd themselves above the law in every respect and treat the courts and their customers with utter contempt.

Our accounts are in dispute, put there by specialist lawyers acting for us, not US on some technicality, yet they advised that we be prepared for anything when it comes to Barclays and their coven includng having our credit reference files trashed which they would sort out if Barclays ever dared to enter a courtroom against them.

regards
Garlok

[debtisbad]

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

I think I'm going to have to write a letter to Egg reminding them not to do this.

Is there a template letter I could amend? If not, could you give me some pointers to the relevant areas of the rules/laws?

Appreciate the help.

Great posts about this, but let me tell you the reality that you face.

I had adverse references recorded on my credit files, even though the accounts had been successfully disputed.

Example, I had an Egg account. I was abroad and they knew it, and sneakily went to the bulk county court in Northampton. Of course, they won, because I was not in the UK to defend. Once I knew what had happened, I contacted the county court and had the claim set aside. It was therefore clearly a disputed claim. Egg, unlawfully sold the account to CapQuest DCAs (you cannot sell a disputed account). Capquest registered their name against the default on my account and would not remove it. I contacted Experian, who also refused to remove it. I went to the ICO, who took over a year to respond. Eventually, I went though their complaints procedure. They concluded that there was nothing that they could do, and so the default remains, under CapQuest, who should never had received the debt in the first place.

You tell me, where is the justice in that? If you think that you can take on Egg about this, I think you will be disappointed. The industry is a disgrace, and the so called "regulators" are a bunch of wet pansies, taking money from the public purse for providing a third rate service, at best.

[igglepiggle]

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

Egg, are notorious for dragging their heels...!

Re: the default notice:

Egg (Barclays) should not be issuing same, whilst the account is clearly in "Dispute"; and
if, the information is recorded on your CRA credit file, the information would be incorrect, which would breach the DPA.

[Emphasis] firms must take great care about registering defaults with the CRA's in this particular situation.

I think I'm going to have to write a letter to Egg reminding them not to do this.

Is there a template letter I could amend? If not, could you give me some pointers to the relevant areas of the rules/laws?

Appreciate the help.

[stevesouth33]

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

the banks cannot reject non-advised sales out of hand that was part of what the principles were all about but in many cases that is more of a help to pre 2005 stuff because they actually did write on the applications back then that they 'strongly reccomended' PPI. After 2005 that did not really happen but it was in these cases much more difficult to determine misselling as it was made much clearer that it was optional. Remmeber not all PPI was mis-sold some of it was mis-bought, and there has to be proven mis-selling not just speculative jumping on the bandwagon.

[LouieJ]

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

the banks are also rejecting all non advised sales where no advice was given and the consumer ticked the box, such as a credit card though the post sale

What evidence to you have to suggest this is happening?

[EXC]

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

The problem is that the law is an inadequate medium to establish mis-selling by.

In legal terms the Insurance Conduct of Business regulations ICOB & ICOBS are an occupied field as they are the most specific laws governing the sale of insurance and are actionable by a private individual - whereas the FSA's Principles, used by the FOS, are not actionable in court.

For example, from the Judicial Review judgment:

''Ms Sinclair gave illustrations in her Witness Statement of the regulatory gap........there is no specific ICOB rule which prohibits the selling of a PPI policy to someone who can never claim under it, even where the seller knows that to be the case. Such conduct would be covered by Principles 1, 3 and 6.

That insurance law does not prevent a bank from knowingly selling you a policy that you have no hope of claiming on makes for a very strong defence for a bank.

[pompeyfaith]

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

I think perhaps the best person to give the legal side of this is PT, he will point to case law and the various statutory laws we can use.

The court route is however worth discussing

[EXC]

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

If, the banks don't play fair, issue a county court claim!

But what would be the cause of action? Courts don't do fairness, they give effect effect to the law.

[Angry Cat]

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

If, the banks don't play fair, issue a county court claim!

[MBD23]

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

banks not paying out yet apart from isolated claims , probably take them a few weeks to get set up then they will restart the clcok using protocol saying 8 weeks to investigate and launch investigation whever they received it , they can justify it saying they need to judge the complaint in light of the JR and the impact it has had on assessing complaints blah de blah

they know noone can do anything, what you gonna do be impatient about a further 8-12 week wait lets say or go to fos and join the 2 year backlog and fos now increasingly ruling 50/50 cases in favour of the banks as the %success for ppi continues to decrease from where it once was

the banks might be working on a way to batch job it as they got so many complaints to deal with , and new ones arriving, its going to be a logisitical nightmare for the banks to handle

the banks are also rejecting all non advised sales where no advice was given and the consumer ticked the box, such as a credit card though the post sale