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The Financial Ombudsman Gets Record PPI Complaint Numbers

The PPI claims scandal actually increased to record heights during the first quarter of 2013 with over 327,000 new complaints, 15% than the previous year. In the second quarter, the Financial Ombudsman reported that it received at least 226,000 PPI complaints, 26% above the previous year’s number of complaints. This signified that banks and financial [...]

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PPI News: “We Are Not Impressed With Banks’ Performance” – FOS

Financial Ombudsman Chief Natalie Ceeney states that the FOS is not satisfied with the way banks are handling PPI claims consumers directly filed to their complaints departments. Around 7 out of 10 rejected bank claims were valid according to the FOS, which had the organization accuse banks of delaying and trying to slow down the [...]

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