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PPI News - May 2016

Borrowers Making upto 4,000 Complaints About PPI Every Week

Payment protection insurance is triggering up to 4,000 complaints a week to the Financial Ombudsman Service, which said the claims management industry and a possible deadline for PPI compensation continue to stoke complaints.

Read the full story at The Telegraph.

> Read Article

PPI scandal: 'serious risks' of more mis-selling in financial services market

Pension freedoms introduced last year could be a potential trigger for PPI-style mis-selling on a mass scale, say MPs.

Read the full story at The Guardian.

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Glasgow-based Clydesdale increases PPI misselling costs provision to £1.5bn

SHARES in CYBG, the group which comprises Clydesdale Bank and Yorkshire Bank, fell after the lender revealed it had set aside another £450m to cover the costs related to the misselling of payment protection insurance.

Read the full story at The Herald.

> Read Article

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