The Credit Card Debt Loophole

FSCP Says Bank Bosses Responsible For Mis-sold PPI

Bank bosses are ultimately responsible for how their Company acts and behaves, they get a huge bonuses when times are good (and bad), so some leading voices on the mis-sold PPI subject are saying it is bank bosses who should be the ones to pay out. Adam Phillips, chairman of the Financial Services Consumer Panel (FSCP), said he wants the Financial Services Authority (FSA) to fine the most senior executives at banks that are found to have taken part in mis-selling Payment Protection Insurance...

PPI Still Has One Supporter!

If you polled the British public on their opinion of Payment Protection Insurance (PPI), the would probably be a 50/50 split. Half would probably never have heard of a PPI before and the other half would say they aren't worth the paper they are written on. One thing’s for certain, no-one would sing the praises the insurance cover, unless of course one of the people you asked was Tony Byrne, managing director of IFA Wealth and Tax Management. Unsurprisingly, he isn’t thinking about all the PPI...

PPI Provider Paymentshield Makes Job Cuts

Payment Protection Insurance (PPI) provider Paymentshield is making redundant more than 60 of its staff because of "duplication in job roles" following their recent takeover by Towergate. This figure represents 20% of their entire workforce. The number of employees at Paymentshield is dropping from 300 to under 240. The majority of the staff are based at the firm’s Southport office. After multiple accouts of mis-selling and hundreds of thousands of PPI claims against insurers Paymentshield ma...