So, the Judicial Review hearing finished on Friday and Judge Ouseley is going to be making his judgment shortly. We arent sure when this will be - some estimates have suggested Easter, but we are hoping for a quick decision.
Whether the Principles can be used in determination of future PPI complaints will have to be seen but there appeared to be a shift towards a more technical argument used by the BBA on how legal it was for the FSA to simply create the rules without getting feedback from the Treasury.
Despite the Judicial Review, we are still seeing offers arriving from a wide cross section of banks and would urge anybody to make a claim as soon as possible. The FSA has warned some of the banks for putting ALL of their claims on hold despite it being clear that not all will be affected by the Judicial Review. Some believe only a small number of complaints should be tied up by the JR and most of them should be investigated at the very least.
If you think you have been mis-sold a Payment Protection Insurance policy, do not hesitate to contact us via www.ppireturn.co.uk.
This blog is produced in association with PPI Return, PPI Claims helpline
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