Banks admit they are failing to meet 28-day deadline for PPI claims - AAD Consumer Forum

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5corpio started a blog post Banks admit they are failing to meet 28-day deadline for PPI claims
2 November 2011, 17:30

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Banks admit they are failing to meet 28-day deadline for PPI claims

Borrowers mis-sold rip-off insurance on loans and credit cards face further delays for their compensation after banks and lenders admitted they are failing to meet an agreed deadline for dealing with claims. Lloyds TSB, Royal Bank of Scotland/NatWest, Barclaycard and Firstplus – a part of Barclays - have admitted breaching a ‘gentleman’s agreement’ to pay payment protection insurance compensation within 28 days to the customer.

Those with Lloyds TSB are among the worst affected by the latest delays, with some who have accepted an offer of compensation forced to wait months for their money....Read more here--> Banks admit they are failing to meet deadline for PPI compensation - but FSA won't name culprits |

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