 FSA Contests Judicial Review of PPI Claims Handling ProceduresThe Financial Services Authority looks set to challenge the British Bankers’ Association’s judicial review of the latest PPI Claims handling procedures. Check now to see if your valid PPI claim can be processed by professionals.
By: The WebMarketing Group With many lenders choosing to suspend claims processing until a decision has been reached, many claimants, who have sought redress alone, look set to wait until spring 2011 before PPI claims handling returns to normal. This latest delay tactic by the BBA appears to be a reaction to the FSA’s attempt to regulate sales practices and target the mi-selling of PPI policies. Claiming that the FSA’s procedures retain “insufficient legal clarity”; the judicial review is set to determine whether these new regulations are appropriate for previously sold policies. Committed to securing an appropriate degree of protection for consumers, the FSA has set a deadline of December 1st for banks to adopt the new guidelines. Regulations stipulate that firms must handle complaints properly and offer redress where appropriate; PPI Return http://www.ppireturn.co.uk is worried some customers may be waiting up to a year to have their PPI claim dealt with by the Financial Ombudsmen Service (FOS). The Company has reiterated that this temporary backlog in mis-sold PPI claims will not affect their ability to make a claim through a PPI claims specialist. The Company is urging anyone with a potential PPI claim to seek specialist advice from qualified PPI claims handlers. ABOUT PPI RETURN – PPI CLAIM SPECIALISTS PPI Return http://www.ppireturn.co.uk is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors. PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online ’60 Second Test’ where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists. CONTACT PPI Return Mersey Chambers 5 Old Churchyard Liverpool L2 8GW Tel: 0800 877 8888 info@ppireturn.co.uk http://www.ppireturn.co.uk # # # PPI Return is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors. End
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