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FSA told to start compensation process for mis-sold customers

telegraph.co.uk (8 months and 2 days ago)

Sep 16, 2012

The Financial Services Authority has been told it must start the compensation process for small businesses potentially mis-sold interest rate swaps after complaints the regulator has not done enough to get the process underway. full story

More news

Fine puts Lloyds boss under pressure to rein in windfall

The FSA fined the bank £4.3m for delays in paying out compensation to 140,000 customers mis-sold payment protection insurance. And Antonio Horta-Osorio immediately came under pressure to waive his payout.

dailymail.co.uk (2 months and 28 days ago)

SSE customer compensation: key questions answered

After Ofgem imposed a £10.5m fine and urged users of the energy company to contact the firm, we answer your questionsThe utility firm SSE has been fined £10.5m for "prolonged and extensive" mis-selling in what is the largest ever penalty imposed on an energy provider. Here we find out what will happen to customers who were mis-sold policies.Am I entitled to compensation from...

guardian.co.uk (1 month and 14 days ago)

Lloyds fined £4.3m by FSA for delayed PPI compensation payouts

Failing in Lloyds TSB, Lloyds TSB Scotland and Bank of Scotland systems and controls resulted in up to 140,000 customers suffering delays for PPI, which was mis-sold alongside credit cards.

dailymail.co.uk (2 months and 29 days ago)

Claims firm says thousands mis sold mortgages the next PPI

The Council of Mortgage Lenders (CML) has denied that there has been widespread mortgage mis-selling amid claims that 'tens of thousands' of customers could be entitled to compensation.

dailymail.co.uk (1 month and 15 days ago)

Santander argues customers falsely claimed PPI mis-selling

Santander has joined Lloyds in saying some customers made false claims over mis-selling to win compensation.

dailymail.co.uk (3 months ago)

Barclaycard offered me £22,000 compensation for my mis-sold PPI - then they changed it to £3,500

The 48-year-old Scottish businessman was mis-sold PPI on the Barclaycard he took out in 1989 and was satisfied when he was made the original offer of £22,319.

dailymail.co.uk (3 months and 5 days ago)

PPI – facts and figures from the 'biggest mis-selling scandal of all time'

About 34m PPI policies have been sold since 2001, with almost £14bn so far set aside by the banks and building societies in compensationAs the banks report their end-of-year results, yet more money is being put aside to compensate customers who were mis-sold payment protection insurance (PPI). Lloyds Group and HSBC have both boosted their provisions, with Lloyds adding...

guardian.co.uk (2 months and 16 days ago)

UBS fined £9.45m for mis-selling to wealthy clients

565 Coutts customers had £816m invested in AIG Enhanced Variable Rate Fund when fund was suspendedSwiss bank UBS has been fined £9.45m and ordered to pay a similar sum in compensation for mis-selling an investment fund that took in more than £6bn from wealthy customers.The Financial Services Authority said it had fined UBS for serious failures relating to the sale of the AIG...

guardian.co.uk (3 months and 5 days ago)

Barclays adds £1bn to war chest to cover the cost of mis-sold PPI and rate-swap products

The bank will be increasing its mis-sold PPI provision to £2.6 billion, while setting aside a further £400million for products mis-sold to small and medium-sized businesses.

dailymail.co.uk (3 months and 9 days ago)

Former Lloyds boss defends PPI

Eric Daniels tells MPs on the banking standards commission that the majority of payment protection insurance products had been sold correctlyThe former boss of Lloyds Banking Group on Thursday has defended the sales of payment protection insurance which has cost the bailed bank £5.3bn in provisions.Eric Daniels, whose tenure at the top of Lloyds ended in February 2011, told...

guardian.co.uk (3 months and 3 days ago)

FSA told to start compensation process for mis-sold customers

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