Banks Continue to Delay PPI Claims Despite Impending Judicial Review Judgement

May 4, 2011 - PRLog -- Banks have been criticised for continuing to stall the process of dealing with customer complaints over the mis-selling of payment protection insurance (PPI). As well as rejecting PPI claims directly from customers themselves, reports earlier in the year indicated that some lenders were failing to provide the Financial Ombudsman Service (FOS) with sufficient information to conclude cases.
Having received 98,000 complaints so far this year and 43,000 flooding in the last three months; further delays are expected. In anticipation of the mounting workload, the FSA have increased funds to the FOS in an attempt to keep delays to a minimum. But with some banks placing PPI claims handling procedures on hold pending the outcome of the judicial review; anyone who complains today is likely to endure a 12-month delay before their claim is investigated.
The judicial review was launched by the British Banker’s Association in a response to the FSA’s new regulations on PPI claims handling procedures. Claiming it was unfair and illegal to apply new rules to policies that were sold in the past; some firms have continued to routinely reject complaints affected by the legal proceedings despite the judicial review’s outcome being expected shortly.
With 90% of complaints upheld in favour of policy holders, PPI Return http://www.ppireturn.co.uk is convinced that there are still substantial amounts to be claimed by other deserving parties. PPI Return http://www.ppireturn.co.uk would like to reassure anyone who thinks they might be entitled to compensation that it is not too late to make a claim. Whether your PPI claims have been rejected by banks in the past or you are unsure if you are entitled to compensation; their dedicated legal team can quickly assess whether or not you have a right to make a claim. To find out more, call or go online and take their 60 second test to see if you could be eligible for PPI claims compensation.
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

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PPI Return 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.