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

[NLP]

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

I think amethyst commented so I'll leave her comments be for now

lol, congrat for jinxing us.

"when they lose the JR"

righto, suppose you were head of communications for telling us how much we would all get back once the banks "lost the charges test case"


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there are dark forces at work everywhere, and places where you least expect it!

[ed.]

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

If everyone joined Santander based on them finally doing one decent thing, wouldn't that in fact justify all the other rip off they engage in?

[Amethyst]

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

lol @ dark forces. none here

this Judicial Review is the banks not wanting the FSA to gain the right to retrospectively apply rules, and I agree with them. It isnt about the legality of PPI and so on. PPI was missold due to the banks not complying with the regulations in force at the time it was sold - so there is no reason why claims should be on hold.

The only thing that they might be doing is because the retrospective rules are coming in in December (barring the JR winning) the banks are paying out to those higher levels (ie as if the rules were retrospective) now as opposed tohaving to go back and review the claims in December, so in my mind they should just stop doing that, and continue processing complaints.

And remember whatever is 'on hold' the FOS isnt putting anything on hold.

So basically i agree with the banks taking a Judicial Review to clarify if FSA have the power to apply retrospective rules, but disagree entirely that claims should be on hold at all.

[NLP]

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

lol @ dark forces. none here

this Judicial Review is the banks not wanting the FSA to gain the right to retrospectively apply rules, and I agree with them. It isnt about the legality of PPI and so on. PPI was missold due to the banks not complying with the regulations in force at the time it was sold - so there is no reason why claims should be on hold.

The only thing that they might be doing is because the retrospective rules are coming in in December (barring the JR winning) the banks are paying out to those higher levels (ie as if the rules were retrospective) now as opposed tohaving to go back and review the claims in December, so in my mind they should just stop doing that, and continue processing complaints.

And remember whatever is 'on hold' the FOS isnt putting anything on hold.

So basically i agree with the banks taking a Judicial Review to clarify if FSA have the power to apply retrospective rules, but disagree entirely that claims should be on hold at all.

That makes sense.

But, can you not see this as some sort of set up by the FSA to help there mates over at the banks?

Make some really tough rules and give the banks an angle to force claims on hold, whoever loses the JR will appeal, clearly... so this hold will go on for years.

It's such an obvious fix imo.
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If everyone joined Santander based on them finally doing one decent thing, wouldn't that in fact justify all the other rip off they engage in?

dont think everybody would, but if there was enough jumping ship it would force the banks to think in the future

right now, they know, just like you suggest.. nobody is bothered.

so.. as per usual... they get away with it.

i am not backing santander... more using them to highlight a big stick to beat the others with and show them that we can unite and make a difference,

cleary... VERY clearly we can't

which is why they win, every time.

[marshallka]

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

Something, on a large scale, needs to be done to laud Santander, and prove to the other gangster banks that they cannot run roughshod and not suffer.

Can all the sites get together and speak to Sanatander to get some kind of refferal fee system in place and an easy way to open a current account with them?

They would get tons of new accounts, and they want this and will work to get them open... and all you sites get the needed money you need to keep you ticking over

and best of all... the other gangsters get 2 very big fingers up at them

lets make this big, santander have shown the way, we have to let it known they are the example to follow.

we cannot let this drop.

Are you on commission here already NLP???

[EXC]

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

dont think everybody would, but if there was enough jumping ship it would force the banks to think in the future

You are simply kidding yourself that anyone would migrate to Santander - the worst bank in the UK - on a point of principle. And this site would be delinquent in it's responsibilities to it's members in encouraging it.

[The Debt Star]

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

You are simply kidding yourself that anyone would migrate to Santander - the worst bank in the UK - on a point of principle. And this site would be delinquent in it's responsibilities to it's members in encouraging it.

100% with you on that

[NLP]

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

maybe i am kidding myself, but i am trying to think of ideas to beat the duff banks with.

they are going to run amock with this legal case for at least 12-18 months

FFS, you think they will just give up at the high court?

hahahahahhaha

Supreme Court 2012 here we come.

Lets just sit and watch!

[Amethyst]

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

NLP - you going to give us a hand respnding to this consultation ? Legal Beagles Consumer Forum - Announcements in Forum : CONSULTATIONS - improving the future for consumers . Might not be placard waving or boycotting but at least it has a real effect (and yes we'd just be one of many but all views are taken into account as seen by the OFT PCC consultations etc and its better to have a small voice than none at all)

[Angry Cat]

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

NLP - you going to give us a hand respnding to this consultation ? Legal Beagles Consumer Forum - Announcements in Forum : CONSULTATIONS - improving the future for consumers . Might not be placard waving or boycotting but at least it has a real effect (and yes we'd just be one of many but all views are taken into account as seen by the OFT PCC consultations etc and its better to have a small voice than none at all)

Many voices maketh, a choir!

[EXC]

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

NLP - you going to give us a hand respnding to this consultation ? Legal Beagles Consumer Forum - Announcements in Forum : CONSULTATIONS - improving the future for consumers . Might not be placard waving or boycotting but at least it has a real effect (and yes we'd just be one of many but all views are taken into account as seen by the OFT PCC consultations etc and its better to have a small voice than none at all)

Alternatively you can give your views in a simple online questionnaire - with questions like ''Do you think that the level of charges for going overdrawn on your account are fair?''

Link at the bottom of the page Managing borrowing and dealing with debt | Policies | BIS

[di30]

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

Todays update........

http://www.telegraph.co.uk/finance/p...omplaints.html

PPI delays after banks dig heels on complaints

Customers won't receive any redress until banks' judicial review is heard.


Thousands of customers who have complained that they were mis-sold a payment protection policy face lengthy delays to get their claim resolved, after a legal argument between the banks and the Financial Services Authority.

However, those affected by these delays are being urged to take their case to the Financial Ombudsman Service – which is still dealing with all PPI complaints and is ruling in the customer's favour in most cases.



More to follow on above link...........

[marshallka]

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

Todays update........

http://www.telegraph.co.uk/finance/p...omplaints.html

PPI delays after banks dig heels on complaints

Customers won't receive any redress until banks' judicial review is heard.


Thousands of customers who have complained that they were mis-sold a payment protection policy face lengthy delays to get their claim resolved, after a legal argument between the banks and the Financial Services Authority.

However, those affected by these delays are being urged to take their case to the Financial Ombudsman Service – which is still dealing with all PPI complaints and is ruling in the customer's favour in most cases.



More to follow on above link...........

BUT also
Consumer groups urged those people mis-sold PPI to be persistent. Ms Lipszyc said: "The FSA is facing a revolt from those it regulates and it is understood that the regulator is considering strong action." She said she understood the FSA was considering whether to file an injunction against the banks.

[di30]

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

BUT also
Consumer groups urged those people mis-sold PPI to be persistent. Ms Lipszyc said: "The FSA is facing a revolt from those it regulates and it is understood that the regulator is considering strong action." She said she understood the FSA was considering whether to file an injunction against the banks.

And....

We see no reason why banks should not continue to deal with all PPI complaints. Using the judicial review as an excuse to put legitimate complaints on hold seems like a shameless attempt to duck out of giving customers redress they are entitled to."

[Amethyst]

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

Ms Lipstick gets her oar in on most things which threaten to damage cmcs trade.

We see no reason why banks should not continue to deal with all PPI complaints. Using the judicial review as an excuse to put legitimate complaints on hold seems like a shameless attempt to duck out of giving customers redress they are entitled to."

completely agree tho