{"id":21757,"date":"2016-08-03T00:33:20","date_gmt":"2016-08-02T17:33:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/extension-of-ppi-payback-period-small-comfort-for-customers-hit-by-mis-selling\/"},"modified":"2016-08-03T00:40:12","modified_gmt":"2016-08-02T17:40:12","slug":"extension-of-ppi-payback-period-small-comfort-for-customers-hit-by-mis-selling","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/extension-of-ppi-payback-period-small-comfort-for-customers-hit-by-mis-selling\/","title":{"rendered":"Extension of PPI payback period small comfort for customers hit by mis-selling"},"content":{"rendered":"


\nFCA\u2019s decision to move time bar to 2019 still doesn\u2019t address merciless, industrial-scale scamming by banksOn the face of it, drawing a line under the payment protection insurance mis-selling scandal seems a reasonable idea. There can be few consumers unaware of the gigantic scam perpetrated by the big banks during the 1990s and the 2000s. A time bar was first mooted by the Financial Conduct Authority (FCA) for 2018, but now looks like being extended by a year to 2019. That sounds like good news for customers.The banks are deeply unimpressed with the first big decision made by Andrew Bailey, the FCA chief executive, since his arrival from the Bank of England. Lloyds, RBS, Barclays and the other big lenders have all been making provisions for a line to be drawn in the sand in 2018. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Extension of PPI payback period small comfort for customers hit by mis-selling<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FCA\u2019s decision to move time bar to 2019 still doesn\u2019t address merciless, industrial-scale scamming by...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21757","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5EV","jetpack-related-posts":[{"id":79934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/steelworkers-let-down-by-fca-and-pensions-regulator-mps\/","url_meta":{"origin":21757,"position":0},"title":"Steelworkers let down by FCA and Pensions Regulator \u2013 MPs","date":"February 15, 2018","format":false,"excerpt":"\r \u2018Major mis-selling scandal\u2019 under way as financial advisers \u2018bamboozle\u2019 ex-British Steel staffFormer British Steel workers have been \u201cshamelessly bamboozled\u201d by financial advisers into transferring their pensions and badly let down by regulators that should have better protected them, according to an influential parliamentary committee. Continue reading...\r \r Source :\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-pledges-to-help-fintech-firms-disrupt-big-banks\/","url_meta":{"origin":21757,"position":1},"title":"FCA pledges to help fintech firms disrupt big banks","date":"May 10, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...FCA pledges to help fintech firms disrupt big banks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-abandon-interest-only-home-loans-amid-fca-scrutiny-of-mortgage-prisoners\/","url_meta":{"origin":21757,"position":2},"title":"Banks abandon interest-only home loans amid FCA scrutiny of 'mortgage prisoners'","date":"May 17, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Banks abandon interest-only home loans amid FCA scrutiny of 'mortgage prisoners'","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-goes-big-to-prove-it-is-font-of-wisdom\/","url_meta":{"origin":21757,"position":3},"title":"FCA goes big to prove it is font of wisdom","date":"April 5, 2016","format":false,"excerpt":"\r The regulator has taken a leaf out of the banks\u2019 book to flag its scope and strategy\r \r Source : ft.com\r Read more...FCA goes big to prove it is font of wisdom","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123499,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urges-lenders-to-support-uks-47000-mortgage-prisoners\/","url_meta":{"origin":21757,"position":4},"title":"FCA urges lenders to support UK\u2019s 47,000 \u2018mortgage prisoners\u2019","date":"November 30, 2021","format":false,"excerpt":"\r Regulator asks banks and building societies to offer support to borrowers unable to switchBanks and building societies have been urged to consider changes to lending criteria to help an estimated 47,000 borrowers who could benefit from a cheaper home loan but are currently unable to move.A review of \u201cmortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-watchdog-asks-banks-how-they-will-support-mortgage-borrowers\/","url_meta":{"origin":21757,"position":5},"title":"City watchdog asks banks how they will support mortgage borrowers","date":"September 30, 2022","format":false,"excerpt":"\r Talks held between FCA and lenders over concern millions could struggle to afford higher paymentsLive coverage of the economic crisisThe current economic jargon explainedThe City watchdog is asking banks how they plan to step in and support struggling mortgage borrowers, as lenders such as Virgin Money relaunch home loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21757"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21757"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21757\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}