Big news this week with banks deciding to take legal action against the Financial Services Authority.
Although it has not been made entirely clear, it would appear the banks are particularly displeased with some of the new FSA rules concerning the handling of PPI complaints which will be put into force on 1st December.
Particularly, the rules suggesting previously denied complaints should be re-opened, investigated and paid out. Furthermore, the banks have been requested to undertake a proactive approach to contact customers who were sold PPI to see if they were mis-sold.
The action has not, and should not, affect any ongoing complaints – the FSA has made it clear it will not move to do so (like it did with bank charges).
We will continue to monitor the judicial review and report back with any further updates.
So - this changes nothing in the way in which cases will be dealt with in the foreseeable future and if you want to make a claim - contact PPI Return at http://www.ppireturn.co.uk/. PPI Return is a division of Goldsmith Williams Solicitors.
No comments:
Post a Comment