Tag Archives: Which?
PPI on course to become biggest consumer financial scandal of all time
HSBC has set aside a further £340m to fund payment protection insurance (PPI) compensation claims, bringing total PPI provisions across UK banks to a staggering £10bn. Last week Lloyds increased the amount set aside for PPI claims to £4.3bn, while RBS …
Posted in Regulation
Tagged payment protection insurance, Peter Vicary-Smith, PPI, Which?
Leave a comment
Which? slams new payday lending rules
A new code of practice for payday lenders has been agreed by the financial sector to provide greater protection to vulnerable consumers, but consumer champion Which? believes it does not go far enough. Payday lenders must now ensure that …