The challenge was brought by the banks over new regulations to control the selling of PPI to borrowers. The new regulations not only apply to new policies sold after the beginning of December, but also to complaints relating to cover before the new regime was brought in. Therefore, the High Court ruling means that PPI…
Legal battles against tighter mis-selling rules for PPI withdrawn and will not appeal High Court ruling of 20th April 2011. Lloyds to set aside £3.2bn provision against PPI complaints after British banks lost High Court case challenging new regulation.
Barclays follow Lloyds announcement. It will no longer take part in the legal action against tighter mis-selling rules for PPI according to Chief Executive.
Lloyds and Barclays announce that they will not appeal the High Court decision. The appeal allows Payment Protection Insurance mis-selling claims to be pursued retrospectively. This is due to new tighter regulations. Which came into force on 1st December. Royal Bank of Scotland and HSBC have become isolated in any challenge to the ruling.
Britain’s big banks have abandoned a controversial appeal over Payment Protection Insurance regulation. This has opened the way for billions of pounds in compensation for those who have been mis-sold policies. The British Bankers Association (BBA) said the legal action over the scandal which saw thousands of persons sold policies they did not need was…
Consumer Reclaim brings hope for customers of liquidated holiday club marketing company Incentive Leisure Group Hope for reimbursement for customers of Incentive leisure Group who used a credit card to pay for either part or all of their purchase for the Designer Way Vacation Club membership from Incentive Leisure Group! Consumer Reclaim is currently challenging…
Customer purchases a solar thermal hot water heating system with a payback period of 10 years from Smart Energy UK The customer paid the deposit using his Lloyds TSB Credit Card. Expert evidence proved that the solar thermal water heating system could not possibly provide a payback within its lifespan. As smart energy uk had…
Consumer Reclaim obtain refund of £4,488.00 After client had paid deposit for his alarm system on his credit card.
Consumer Reclaim wins damages for client The client purchased a window treatment from Vistec. Vistec claimed the treatment would eliminate the need for cleaning his home’s windows. Outcome paves the way for other Vistec customers to seek damages.
Consumer Reclaim solicitors win legal challenge On behalf of Diamond Resorts timeshare owner who paid money to Spanish company Thomas Consulting. The company made false promises about trading in client’s Diamond Points! Outcome paves the way for others to seek damages.