HSBC is the latest bank to set aside extra cash to compensate victims of the payment protection insurance (PPI) mis-selling scandal, it's been announced today.
Royal Bank of Scotland (RBS) has now set aside £2.6 billion to pay for its part in payment protection insurance (PPI) mis-selling, according to the group's latest financial results.
Lloyds Banking Group's bill for its part in the payment protection insurance (PPI) mis-selling scandal has soared to more than £8 billion, according to its latest financial results.
Victims of payment protection insurance (PPI) mis-selling reclaimed £446 million in August this year, bringing the total redress paid out since January 2011 to £12 billion.
"Serious problems" with the way some firms handle complaints about mis-sold payment protection insurance have been uncovered by the Financial Conduct Authority.
A refund scheme for up to seven million people who were mis-sold card and identity protection products from insurer CPP has been announced. But it will only go ahead if enough victims vote for it, so we're urging you to say 'yes'.
Millions are set to share up to £1.3 billion in redress after 13 high street banks and credit card firms agreed to offer money back for mis-sold credit card and identity theft protection – but most claims are on hold for now.
22 August 2013
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