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20 Apr

New PPI Complaint Deadline: Beginning of End or the End of Beginning?

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The Financial Conduct Authority (“FCA“) has announced the final deadline of 29th August 2019 in an attempt to draw a line under claims of PPI mis-selling, claims that have plagued lenders over the last decade. PPI has turned out to be one of the most expensive issues ever to have hit the UK’s financial sector. Based on FCA figures, since January 2011, a total of £27 billion has been paid out to customers.

Source: https://www.natlawreview.com/article/new-ppi-complaint-deadline-beginning-end-or-end-beginning

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