{"id":3107,"date":"2015-05-27T15:15:02","date_gmt":"2015-05-27T08:15:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-face-bigger-ppi-mis-selling-bill-as-regulator-considers-compensation-rules\/"},"modified":"2016-01-30T04:04:43","modified_gmt":"2016-01-29T21:04:43","slug":"banks-face-bigger-ppi-mis-selling-bill-as-regulator-considers-compensation-rules","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-face-bigger-ppi-mis-selling-bill-as-regulator-considers-compensation-rules\/","title":{"rendered":"Banks face bigger PPI mis-selling bill as regulator considers compensation rules"},"content":{"rendered":"


\nFinancial Conduct Authority statement means more customers could be eligible for payout because of supreme court ruling on commissions Banks could face a bigger bill for mis-selling payment protection insurance after the City regulator said it was considering new rules on how customers should be compensated.The Financial Conduct Authority statement means more customers could be eligible for compensation because of a supreme court decision. The court ruled in November that if a PPI seller failed to disclose to a customer that it had received a large commission from the product provider, the sale was unfair under the 1974 Consumer Credit Act. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Banks face bigger PPI mis-selling bill as regulator considers compensation rules<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Conduct Authority statement means more customers could be eligible for payout because of supreme...<\/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-3107","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-O7","jetpack-related-posts":[{"id":21757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/extension-of-ppi-payback-period-small-comfort-for-customers-hit-by-mis-selling\/","url_meta":{"origin":3107,"position":0},"title":"Extension of PPI payback period small comfort for customers hit by mis-selling","date":"August 3, 2016","format":false,"excerpt":"\r FCA\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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-could-face-new-multibillion-pound-claims-after-ppi-ruling\/","url_meta":{"origin":3107,"position":1},"title":"UK banks could face new multibillion-pound claims after PPI ruling","date":"July 3, 2018","format":false,"excerpt":"\r Court ruling over mis-selling may allow cases that have been rejected to be reconsideredBritain\u2019s banks face the threat of a huge new PPI bill that could add billions of pounds to the \u00a330bn already paid out in compensation, following a court ruling lauded by claims management companies as \u201chugely\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/just-one-in-five-complaints-about-potential-mis-sold-ppi-made-so-far\/","url_meta":{"origin":3107,"position":2},"title":"Just one in five complaints about potential mis-sold PPI made so far","date":"March 3, 2017","format":false,"excerpt":"\r UK\u2019s financial watchdog sets final deadline of August 2019 for filing claimsBritain\u2019s financial watchdog has admitted that only one in five potential complaints about mis-sold payment protection insurance had been made so far, as it set a final deadline of August 2019 for filing claims.The cut-off of 29 August\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3105,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-reclaim-ppi\/","url_meta":{"origin":3107,"position":3},"title":"How to reclaim PPI","date":"November 1, 2012","format":false,"excerpt":"\r Average payment protection insurance compensation is \u00a32,750. Here's how you can go about making a claimThe PPI mis-selling scandal may have been news for years now, but it shows no sign of abating. Lloyds Banking Group has set aside an extra \u00a31bn on top of the \u00a34.3bn it has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25199,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/financial-ombudsman-still-receiving-thousands-of-ppi-complaints\/","url_meta":{"origin":3107,"position":4},"title":"Financial Ombudsman still receiving thousands of PPI complaints","date":"September 6, 2016","format":false,"excerpt":"\r Ombudsman received 91,381 complaints in the first half of 2016The \u00a337bn bill for payment protection insurance mis-selling by Britain\u2019s banks is likely to escalate further after the Financial Ombudsman revealed that it continues to be inundated with complaints.In the first half of 2016, the number of PPI cases taken\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bill-for-ppi-mis-selling-scandal-tops-40bn\/","url_meta":{"origin":3107,"position":5},"title":"Bill for PPI mis-selling scandal tops \u00a340bn","date":"October 27, 2016","format":false,"excerpt":"\r Move by Barclays to set aside extra \u00a3600m further inflates already huge cost of UK mis-selling scandal to banking sectorBanks and financial services companies have racked up more than \u00a340bn in costs to handle the payment protection insurance scandal.The costliest mis-selling bill in UK financial services history became even\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\/3107"}],"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=3107"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3107\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=3107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=3107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=3107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}