Banks drop Payment Protection Insurance case and give way to Mis Sold PPI claims

O:8:"stdClass":52:{s:2:"id";s:6:"136875";s:3:"pid";s:5:"11787";s:5:"pr_id";s:22:"136875-1304942286.html";s:6:"pr_url";s:103:"136875-1304942286-banks-drop-payment-protection-insurance-case-and-give-way-to-mis-sold-ppi-claims.html";s:7:"pr_body";s:1627:"The British Bankers’ Association has confirmed that it will be dropping the legal action after two high street banks namely Lloyds TSB and Barclays have said they would not take part and will pay customers compensation instead for Payment Protection Insurance.

Many organistion and campaigners said it was high time for banks to concentrate on winning back consumers trust after a series of errors  – such as the sale of endowments policies – in recent years.

Peter Vicary-Smith, chief executive of Which? Was quoted  “We’re delighted that the BBA has at last seen sense. Hopefully this will be a watershed moment in how banks treat their customers.
“It was a colossal error of judgment by the BBA to have brought this case in the first place, which has even further diminished the banking industry's reputation in the eyes of consumers.
“PPI was mis-sold and complaints about it mishandled on an industrial scale for well over a decade. Now the industry must make amends by quickly reimbursing the millions of people it has ripped off.”

Bank customers will now have to make their PPI claims.  But there will still be losers even after compensation has been paid.  Payment Protection Insurance has been mis-sold in the past and has also been massively overpriced.  But that doesn’t mean it is a bad product or that it is worthless.  It simply means that anyone taking out a mortgage or a personal loan should shop around for a good policy at a competitive rate.

A Mis sold PPI can be recovered by compainies like http://www.ppirecovery.com who welcome the news and have been working with consumers to reclaim PPI.";s:20:"pr_about_the_company";s:0:"";s:6:"pr_img";s:36:"917d70bb21e7c4f026cc5716836d1480.jpg";s:10:"pr_img_alt";s:12:"mis sold ppi";s:11:"pr_img_info";s:112:"Banks drop Payment Protection Insurance case and give way to Mis Sold PPI claims being processed by PPI Recovery";s:10:"pr_anchors";s:247:"a:3:{i:0;a:2:{i:0;s:12:"mis sold ppi";i:1;s:26:"http://www.ppirecovery.com";}i:1;a:2:{i:0;s:10:"PPI claims";i:1;s:37:"http://www.ppirecovery.com/ppi-claims";}i:2;a:2:{i:0;s:28:"Payment Protection Insurance";i:1;s:26:"http://www.ppirecovery.com";}}";s:10:"pr_summary";s:170:"Banks drop Payment Protection Insurance case and give way to Mis Sold PPI claims. Companies like PPIRECOVERY.com will be helping people process their Mis sold PPI claims.";s:8:"pr_title";s:80:"Banks drop Payment Protection Insurance case and give way to Mis Sold PPI claims";s:11:"pr_category";s:7:"banking";s:12:"pr_embedcode";s:0:"";s:19:"dateline_city_state";s:0:"";s:15:"dateline_source";s:0:"";s:8:"pr_state";s:10:"lancashire";s:7:"pr_city";s:7:"Burnley";s:10:"pr_country";s:14:"United Kingdom";s:6:"pr_zip";s:8:"BB12 6HH";s:10:"media_name";s:9:"Amjad Ali";s:12:"company_name";s:20:"Empire new media Ltd";s:11:"media_phone";s:11:"07792577633";s:10:"media_addr";s:53:"Suite 1-13 Empire Business centre, off Liverpool Road";s:11:"media_email";s:22:"ali@empire-media.co.uk";s:9:"media_url";s:29:"http://www.empire-media.co.uk";s:7:"pr_type";s:5:"basic";s:10:"pr_payment";s:4:"done";s:6:"userid";s:5:"20781";s:7:"pr_date";s:10:"1304942252";s:11:"pr_approved";s:10:"1304952256";s:11:"is_approved";s:3:"yes";s:8:"shorturl";s:19:"http://is.gd/96HURT";s:8:"pr_audio";s:0:"";s:8:"pr_files";s:6:"a:0:{}";s:5:"draft";s:1:"0";s:9:"docstocid";s:8:"79110650";s:10:"iframe_url";s:26:"http://www.ppirecovery.com";s:14:"note_to_editor";s:61:"I responded to the email "Which?" is the name of the company.";s:14:"disable_iframe";s:2:"no";s:10:"as_soon_as";s:3:"yes";s:14:"scheduled_time";s:10:"1304950070";s:6:"quotes";s:0:"";s:4:"live";s:3:"yes";s:12:"email_status";s:2:"no";s:18:"is_unresponsive_pr";s:1:"0";s:22:"user_last_updated_date";s:10:"1306187117";s:17:"facebook_page_url";s:0:"";s:19:"show_facebook_feeds";s:2:"no";s:14:"twitter_id_url";s:0:"";s:18:"show_twitter_feeds";s:2:"no";s:21:"editorial_suggestions";s:1:"0";}

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Amjad Ali
Empire new media Ltd
Suite 1-13 Empire Business centre, off Liverpool Road
Burnley lancashire, BB12 6HH
07792577633

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Banks drop Payment Protection Insurance case and give way to Mis Sold PPI claims. Companies like PPIRECOVERY.com will be helping people process their Mis sold PPI claims.

Banks drop Payment Protection Insurance case and give way to Mis Sold PPI claims being processed by PPI Recovery

Online PR News – 09-May-2011 –The British Bankers’ Association has confirmed that it will be dropping the legal action after two high street banks namely Lloyds TSB and Barclays have said they would not take part and will pay customers compensation instead for Payment Protection Insurance.

Many organistion and campaigners said it was high time for banks to concentrate on winning back consumers trust after a series of errors – such as the sale of endowments policies – in recent years.

Peter Vicary-Smith, chief executive of Which? Was quoted “We’re delighted that the BBA has at last seen sense. Hopefully this will be a watershed moment in how banks treat their customers.
“It was a colossal error of judgment by the BBA to have brought this case in the first place, which has even further diminished the banking industry's reputation in the eyes of consumers.
“PPI was mis-sold and complaints about it mishandled on an industrial scale for well over a decade. Now the industry must make amends by quickly reimbursing the millions of people it has ripped off.”

Bank customers will now have to make their PPI claims. But there will still be losers even after compensation has been paid. Payment Protection Insurance has been mis-sold in the past and has also been massively overpriced. But that doesn’t mean it is a bad product or that it is worthless. It simply means that anyone taking out a mortgage or a personal loan should shop around for a good policy at a competitive rate.

A mis sold ppi can be recovered by compainies like http://www.ppirecovery.com who welcome the news and have been working with consumers to reclaim PPI.

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