Consumer News
The latest news on issues that affect you, the consumer
Up to date and topical news on a range of matters that affect
millions of us day to day.
PPI, or Payment Protection Insurance, is no longer being mis-sold by banks and other financial institutions, but the repercussions are still making themselves felt, with billions of pounds being paid out by high street banks to customers who were ripped off, and yet millions of consumers still left uncompensated.
Posted: 10 October 2011
PPI, or Payment Protection Insurance, is looked down upon by many in the wake of the mis-selling scandal which saw many lumbered with expensive loan insurance policies. But is PPI necessarily a bad thing, and if not, how did it end up reviled by so many?
Posted: 07 October 2011
PPI, the most mis-sold financial product in living history, is now looked down upon by many as being a ridiculous profiteering scheme which was perpetrated by the banks in order to ensure that they were able to line their own pockets even when it meant that consumers would lose out and have to pay through the nose for a policy which in many cases could never even have granted them any benefit at all.
Posted: 06 October 2011
The storm of discontent whipped up by the actions of unrepentant banks in the mis-sold PPI scandal has yet to abate, leading to millions of people seeking to claim a payout from their banks to compensate for the vast amounts of money they may have lost to an errant loan insurance policy.
Posted: 05 October 2011
The banks have been receiving record numbers of complaints regarding mis-sold Payment Protection Insurance, or PPI, after this scandal was revealed to the world at large.
Posted: 04 October 2011
New rules on the sale of PPI have come into effect from the 1st of October, after the PPI mis-selling scandal rocked the financial world.
Posted: 03 October 2011
In the light of the recent PPI scandal, new measures are being introduced to ensure that the financial product is from now only sold in a transparent and deceit-free manner.
Posted: 27 September 2011
The reputation of the UK’s banks and lenders has taken a severe hit due to the recent PPI mis-selling scandal.
Posted: 26 September 2011
Recent studies have gone to show the true extent of the PPI mis-selling scandal which forced thousands of consumers to pay out vast sums of cash in exchange for worthless insurance policies wherein insurance brokers sought only to line their own pockets in the most vile fashion imaginable by any human.
Posted: 23 September 2011
PPI has been mis-sold to millions of borrowers alongside their loans, but after the FSA ruling earlier this year, they are finally able to claim back the money that they are owed by the banks who wronged them thusly.
Posted: 22 September 2011