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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.

> Read Article

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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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

No Win No Fee – charges may apply if you cancel after the 14 day cooling off period, see website at www.paymentprotectionscotland.co.uk for full Terms of Engagement. Fees are 24% (VAT Inclusive) for all contracts entered into after 1st April 2019. Contracts entered into prior to 1st April 2019 are chargeable at the rate outlined in such contracts. Our fees are subject to regulatory change.