Monthly Archives: September 2011
Victory For OFT In Bank Charges Test
A High Court judge has ruled in favour of the Office of Fair Trading (OFT) in a crucial test case which could have widespread consequences for millions of banking customers in the UK. The OFT believes the overdraft charges levied … Read more
How the test case outcome affects you
There’s an awful lot riding on the outcome of this case, and not just for anyone who has ever written a cheque that has bounced or breached their agreed overdraft facility. Thirty pounds. That’s what the average bank will charge … Read more
Customers Demand Refunds for PPI
Customers seeking refunds have flooded a banking watchdog with complaints after serious failings were exposed in the £5bn-a-year industry in Payment Protection Insurance (PPI). By mid-afternoon in one day, about 400 PPI holders had contacted the Financial Ombudsman Service, more … Read more
Land of Leather PPI Fine
The City watchdog has imposed its first fine on a high street chain under its ongoing investigation into the lucrative payment protection insurance market, warning other retailers they face a similar fate if they too fail to employ adequate checks. … Read more
£1.4billion a year PPI rip off
Insurance sold with loans and credit cards is ripping off customers to the tune of £1.4billion a year, a watchdog has said. Banks, finance companies and retailers are alleged to have routinely overcharged the millions who buy payment protection. The … Read more
Banks Lose Appeal Against OFT
An appeal by eight banks, against a High Court ruling that a regulator can investigate the fairness of overdraft charges, has been thrown out. The Appeal Court ruled that the Office of Fair Trading (OFT) has the power to investigate … Read more
Reclaiming Credit Card charges
Why has claiming credit card charges in 2009 become a lot easier? Over the past 10 years or so, up until the beginning of 2009, consumers who kept their credit card account in good order by always staying within their … Read more
PPI Premiums Increased Without Your Knowledge?
Has Your Payment Protection Insurance Premium Increased Without Your Knowledge? As many as 2 million consumers could have seen their Mortgage Payment Protection Insurance Premium increased without their knowledge. We believe a number of companies have actually increased the PPI Premiumsassociated … Read more
The £40 Billion PPI Scam
We have recently carried out research showing that up to £40 Billion could be claimed back by UK consumers who have taken out PPI policies Click here to claim back your PPI Have you ever been told, recommended or thought … Read more
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