MPPI

The FSA has approved consultation on Financial Ombudsman Service proposals to increase PPI case fees and overall levy to allow for more free cases, amid concerns about PPI complaint handling behaviour.

Short-term income protection sales are very close to stalling, a direct to consumer provider has reported.

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms £4.3m for system failings, that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.

The Financial Services Compensation Scheme (FSCS) has paid out £136m in mis-sold PPI claims since 2008.

The money banks have set aside for payment protection insurance (PPI) mis-selling compensation will run out by the end of the year, according to analysis from Which?

The FSA is considering proposals to introduce time limits for PPI complaints, as put forward by the British Bankers' Association (BBA).

The Money Advice Service (MAS) is still in discussions with the Competition Commission regarding the lack of Payment Protection Insurance (PPI) comparison tables on its website, the Association of British Insurers (ABI) has reported.

BBC's Watchdog aired concerns last night that the banks have not been honouring commitments to pay back missold PPI.

Consumers are being left unprotected because of one-sided "appalling" view of PPI, a product provider has said.

Two marketers acting on behalf of claims management companies have been fined £250,000 by the Information Commissioner's Office, in the first case of its kind.