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PPI News - August 2013

PPI mis-selling 'double cost of Olympics' to banks

The cost to banks of compensating customers who were mis-sold payment protection insurance (PPI) has reached £18.4bn, or double the amount spent on the Olympic Games, according to the consumer group Which?

Read more at The Guardian: http://www.theguardian.com/money/2013/aug/01/ppi-misselling-banks-which-report

PPI Compensation Spurs Economy Through Spending Boost

Banks have inadvertently provided a boost to the economy through the vast compensation payments made to customers who were mis-sold payment protection insurance.

Read more at The Telegraph: http://www.telegraph.co.uk/finance/economics/10250122/PPI-compensation-spurs-economy-through-spending-boost.html

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Payment Protection Scotland is a trading name of Payment Protection Services Ltd. regulated by the Financial Conduct Authority in respect of regulated claims management activities (SC404848). Its authorisation is recorded on the website at www.fca.org.uk/firms/financial-services-register (Temp Auth No. FRN 837088). Registration with the Information Commissioners Office (ICO); registration number Z354206X. Registered as a company in Scotland; Company Number (SC404848). Registation Address; 272 Bath St. Glasgow G2 4JR

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